Endorsements from Business Entrepreneurs

Tim Waterstone

Tim Waterstone, one of the UK's most astute and determined businessmen, founded Waterstone's bookshops in 1982 with a £6,000 redundancy payout from W H Smith. He went on to raise £100,000 venture capital and set up the first shop in London's Old Brompton Road.

From his experience as W H Smith's American manager, Tim brought the late-night bookstore concept to the UK. He established Waterstone's reputation as the best literary bookshop in the world and changed the face of British book retailing. Nine years later he sold the company to his previous employers for £47m, only to buy it back again together with EMI and Advent International in 1998, creating HMV Media Group, of which he became founder Chairman.

Tim has since stepped down as Chairman and is now concentrating on his latest venture, Daisy & Tom - a chain of children's department stores offering everything for children up to the age of eight.

Tim is also a novelist with three books published to date, as well as numerous published and broadcast articles in general, literary and business media. His business story is a remarkable one and his success speaks for itself.

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