Waterstones considers 2018 sale

Mon, 30 Oct 2017 | BUSINESS SALE

The high street bookselling giant Waterstones could be putting itself up for sale, it has been reported.

The chain's Russian billionaire owner, Alexander Mamut, has seemingly appointed the financial advisory group NM Rothschild to give counsel on strategic options that include refinancing the company's debt or preparing it for an outright sale.

Waterstones' debts come largely from about $100 million of loans from the Russian Commercial Bank – a bank that is part-owned by Otkritie bank, where Mr Mamut is a leading shareholder.

Mr Mamut bought the chain from HMV in 2011 for £53 million, and has revealed that he has not taken a dividend since the purchase.

In February of this year, Waterstones announced that they were back in the black as they fought against the rise of e-readers and returned to profits.

Waterstones reported a pre-tax profit of £9.9m in the year to April 2016. Sales in that year rose four per cent to £409m, delivering a pre-tax profit of £9.9m, as the retailer felt the benefit of a decision several years ago to allow each branch to order its own books, rather than take bulk orders from the publishers. It's expected that the company's next set of accounts will show earnings of around £40m, meaning the business could be worth in the region of between £200m and £300m.

It's not expected that any significant decisions will be made until Waterstones is through its Christmas rush which produces 85 per cent of the retailer's annual profits.

Find a business for sale
Subscribe to Business Sale Report


Share this article



Latest Businesses for Sale

Designer & Manufacturer of Consumer Entertainment Robotics (Fast Sale)
UK Wide

Expressions of interest for the business and assets are required by 5pm on 24th July 2019 with bids anticipated shortly thereafter. An opportunity exists to acquire the shares or alternatively the business and assets of this UK based, innovative comp...

Asking Price: Offers Invited
Turnover: £5m+

Manufacturer of Precision Instrumentation Products
UK Wide

*Trade Enquiries Only*. A leading UK designer, manufacturer and global distributor of critical components in specified compression fittings with a crucial safety function. Offers invited.

Asking Price: Offers Invited
Turnover: £1,900,000

Manufacturer of Nets
South West, UK

Manufacturer of Nets for everything except fishing. More than 130 years of continuous trading. The Company was founded in 1889 and is a very well established manufacturing business and has been a pioneer in the industry and consistently & successfull...

Asking Price: £450,000
Turnover: £522,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Jul
 

Outdoor activity centre completes MBO | BUSINESS SALE

An outdoor water activity centre has been successfully sold ...

 
18
 
Jul
 
 
17
 
Jul
 

Preston caravan manufacturer seeks buyer following administration | ADMINISTRATION

A caravan manufacturing business in Preston is on the lookou...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
19
 
Jul
 

Outdoor activity centre completes MBO | BUSINESS SALE

An outdoor water activity centre has been successfully sold ...

 
18
 
Jul
 
 
17
 
Jul
 

Preston caravan manufacturer seeks buyer following administration | ADMINISTRATION

A caravan manufacturing business in Preston is on the lookou...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources