Takeover will make business better able to ‘champion pleasures of real bookshops’
Waterstones is buying the historic family-owned book chain Foyles in a surprise deal.
James Daunt, the managing director of Waterstones, made a pointed reference to the competitive threat of Amazon as he announced the deal. He said the takeover would make it better able to “champion the pleasures of real bookshops in the face of Amazon’s siren call”.
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