Waterstones' Russian owner 'exploring options to sell-up' - ToyNews

Waterstones' Russian owner 'exploring options to sell-up'

Tycoon Alexander Mamut has called in NM Rothschild to look at a sale of Waterstones, according to the Sunday Times.
Author:
Publish date:
0 0waterstones.png

High street book chain Waterstones could be swapping hands after reports that its Russian owner is exploring options to sell up.

Tycoon Alexander Mamut has called in NM Rothschild to look at a sale of Waterstones, according to the Sunday Times.

It is thought that Mamut may be attempting to raise cash following difficulties at Russian bank Otkritie, in which he is an investor. It is thought that a sale in the region of £250m is on the cards, though it is not clear to whom.

Mamut acquired Waterstones from HMV for £53m in 2011 and named James Daunt managing director.

In recent years, the retailer has amped up its toy and game offering, stocking children’s book tie-in plush items through to tabletop boardgames.

The retailer has been credited with helping to bring the current board game renaissance to the high street, offering an array of titles from indie publishers through to family classics.

Waterstones generated its first profit in five years in the year to April 2016.

Pre-tax profits were £12.9m versus a £0.9m loss the prior year. Total sales rose to £394.7m from £387.

Related

Screen Shot 2018-09-11 at 07.56.49

Totally Hammered: Exploring the success of Warhammer

The impact of Games Workshop's new licensing strategy has seen revenue rocket from £2 million to £10 million in the last five years. That's the equivalent of $155 million at retail. Licensing.biz explores the history, success and future of this British-born brand.

skylanders-swap-force-figures-new.jpg

JON SALISBURY: Play options

News of the Toy & Game Inventors Workshop has our columnist looking at the ever growing list of play options facing children, and parents, today.

5_Pocoyo.jpg

Stedham sells up

TRA stalwart Val Stedham is retiring from the toy retail business and is looking to find a buyer for her Newmarket store.

Featured Jobs

Copyrights Group

Marketing Manager

The Copyrights Group is one of the licensing arms within The Vivendi Group. Acquired by Vivendi in 2016 Copyrights manages the licensing for a portfolio of properties to include Paddington Bear. Some of the other companies within the Vivendi Group include Universal Music Group, and their licensing arm Bravado, Gameloft and Studiocanal to name a few.