Waterstone’s, the book retailer, will take over eight Books Etc stores in the London region after striking a deal with Borders, Books Etc’s parent company.

The stores’ leases will be transferred from Books Etc to Waterstone’s, which has paid nothing for the sites.

The locations of the stores, which it is understood were likely to be closed down, include Fleet Street, Wandsworth, Canary Wharf, and Finchley.

Waterstone’s will rebrand the stores in time for the Christmas trading period.

Daily Telegraph