Waterstones

Water stones owns blackwells. They also own foils, which they bought a few years back, and hatchard's. The majority stake holder in water stones is the elliot management corporation - an activist investment fund. And because they're an activist fund, what they tend to do is sort of buy things cheap, do things to make these companies worth more and then sell them again. Now the pandemic obviously threw a banner in the works for physical stores. Buying bans an noble just before the pandemic as probably a big deal. But su has perhaps reset the clock on how long they might want to keep these companies before looking to sell out again. There is absolutely no way