Waterstones formally completes Foyles purchase

Waterstones has confirmed that it has completed the acquistion of Foyles, announced in September.

M.d. James Daunt said Waterstones was "very pleased to welcome the Foyles bookselling team to our wider business."

Former Foyles chief executive Paul Currie has now left the business as planned, with Roger White appointed to run its seven shops. White has worked for Waterstones for many years, and is a previous manager of the Piccadilly flagship store, as well as latterly running most of the London region. 

A Waterstones spokesperson said there would be no immediate changes to how publishers' sales reps work with Foyles, or to logistics. 

Daunt has previously moved to reassure industry anxieties over the step, saying he won't "Waterstonesify" Foyles and take away its distinct identity.