Elliott-backed Waterstones completed the acquisition of Foyles.

Elliott-backed Waterstones, the UK and Ireland’s leading high street bookseller, completed the acquisition of Foyles, a bookseller with a chain of seven stores in England. Financial terms were not disclosed. "We are honoured to be entrusted with the Foyles business, and greatly look forward to joining forces with the Foyles bookselling team. Together, we will be stronger and better positioned to protect and champion the pleasures of real bookshops in the face of Amazon’s siren call," James Daunt, Waterstones Managing Director.