Waterstones is buying the 115 year-old family-owned chain Foyles, saying the deal will help to "champion" real bookshops in the face of online rivals. The sale includes Foyles' well-known Charing ...

Richard Lim, chief executive of Retail Economics, said that back in 2008 the "writing was on the wall for Waterstones". The shift to online and the impact of rivals like Amazon meant they had been ...