HMV under fire from investors over Waterstone performance
• Waterstone now Britain's top bookseller with 300 outlets
• 9% drop in Waterstone's Christmas sales alarmed investors
Rebel shareholders have opened fire on music shops chain HMV over its management of Waterstone's, Britain's largest books retailer. Investors want HMV chief executive Simon Fox to sell the book business if a turnaround strategy unveiled in March fails to boost returns by this time in 2011.
From: Books: Books + News | guardian.co.uk
Monday, 30 August, 2010
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