Waterstone's cuts 17 head office staff and in talks with Russian Investor over possible sale

Waterstone's has made 17 members of staff redundant from its head offices in Brentford and Solihull.

Scott Coning, buying manager for education, and three regional managers were made redundant. The 17 affected staff have already left the company.

Fiona Kennedy, head of range and business, continues to be responsible for the business team, along with the newly created range team. Reporting to her will be business manager Simon Wilson, who will continue to manage ongoing publisher terms, and range manager Sarah Clarke.

Toby Bourne takes on the role of head of campaigns and related product. Reporting to Toby is campaign manager Simon Burke, and Chris Gardner and David Plummer as related product buying managers. Range and campaign buyers continue in their existing roles and now report respectively into Sarah Clarke and Simon Burke.

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HMV will hold talks this week with Russian investor Alexander Mamut over a possible sale of Waterstone's.

The Mail on Sunday reports the entertainment retailer will use a sale of the book chain to reduce debt and help HMV Group c.e.o. Simon Fox fund a turnaround plan for the music stores.

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