A PAGE TURNER

1982 Tim Waterstone opens a bookstore in London after getting a £6,000 redundancy payout from WH Smith 1989 Waterstones is bought by WH W Smith for £47m 1998 HMV and Tim Waterstone buy back the firm for £300m 2 2011 Waterstones sinks s to £32m loss. Billionaire Russian Alexander Mamut buys it for £53m 2015 The rise of ebooks slows. Waterstones makes a profit of £9.9m, its first in seven years 2018 Waterstones has opened 28 new shops s and 70 cafes. Profits are £18m. Hedge fund Elliott Advisors buys them