Waterstones completes Foyles purchase

News - Bookselling Friday, 26 October 2018

Acquisition announced last month

Waterstones has completed its acquisition of Foyles. Md James Daunt said: "In September we announced the acquisition of Foyles by Waterstones. The purchase has now completed and we are very pleased to welcome the Foyles bookselling team to our wider business."

Speaking last month to the Independent Publishers' Guild's autumn conference on when and how Waterstones might make changes at its new subsidiary, Daunt said: "We won't be doing anything in a hurry."

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