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

Airport Demand & Capacity Consultancy
South East, UK

The Company provides the airport industry with a wide range of capacity and demand consultancy services. The company can analyse, model, forecast and optimise the flow of people, baggage and vehicles throughout the airport environment, from airside t...

Asking Price: Offers Invited
Turnover: £1,309,000

Construction Company
Leeds, West Yorkshire, Yorkshire and the Humber, UK

Highly profitable Family Run Business, that has been in the same hands for over 20 years. Operating out of Leasehold premises the business is easily relocatable, many of the subcontractor workforce has been working with the company for many years. Of...

Asking Price: £1,900,000
Turnover: £1,709,427

LEASEHOLD


Phone & Computer Sales & Repair Business
Liverpool, UK Wide

This is a very exciting high end opportunity with many different income streams from phone, computer, tablet sales and repairs. The business has been trading for 8 years and enjoys a substantial turnover which is derived from shop sales selling phone...

Asking Price: £580,000
Turnover: £390,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
15
 
Nov
 

Carpetright agrees to shareholder takeover deal | BUSINESS SALE

Carpetright has agreed a deal to be taken over by its larges...

 
14
 
Nov
 

Scale manufacturer taken over in MBO | MBO/MBI

Weighing scale manufacturer Marsden Weighing Group has been ...

 
13
 
Nov
 

Brighton energy firm appoints administrators | ADMINISTRATION

Brighton-based utilities company Toto Energy has gone into a...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
15
 
Nov
 

Carpetright agrees to shareholder takeover deal | BUSINESS SALE

Carpetright has agreed a deal to be taken over by its larges...

 
14
 
Nov
 

Scale manufacturer taken over in MBO | MBO/MBI

Weighing scale manufacturer Marsden Weighing Group has been ...

 
13
 
Nov
 

Brighton energy firm appoints administrators | ADMINISTRATION

Brighton-based utilities company Toto Energy has gone into a...

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