HMV ‘May Sell Waterstone’s’
Saturday, July 3, 2010 10:57Simon Fox, CEO of retailer HMV, has announced for the very first time that he would consider selling its Waterstone’s book chain, although he also said the disappearance of Waterstone’s was “tragic”.
In the year to April, Waterstone’s hardly make any profit, while the Group turnover increased by 18% to £74.2m after a turnaround in the performance of HMV.
In an interview with the Financial Mail following the company’s results last week, Mr. Fox said: “There would be a tragedy if we do not have one High Street bookseller and we were the last to be successful.



