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Indigo Books & Music Inc., known as "Indigo" and stylized "!ndigo", is Canada's only major English-language bookstore chain. It is Canada 's largest book, gift, and specialty toy retailer, operating stores in all ten provinces and one territory, and through a website offering a selection of books, toys, home décor, stationery, and gifts.
Indigo purchased Chapters, and in turn Coles, in 2001. [13] A number of Coles locations continue to operate in Canada as of 2013, primarily in suburban shopping malls, though many have been closed in recent years, especially if located in close proximity to an Indigo or Chapters location, with others converted into IndigoSpirit stores.
Chapters, the big box bookstore banner is owned by Indigo. Chapters Inc. is a Canadian big box bookstore banner owned by Indigo Books and Music.Formerly a separate company competing with Indigo, the combined company has continued to operate both banners since their merger in 2001.
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In 2001, Indigo Books and Music acquired its main rival, Chapters, to form the largest book retailer in Canada, obtaining a clear leadership position in the book retailing industry. Reisman co-founded Kobo Inc. in 2009 and two years later, sold Indigo’s majority stake in Kobo to the Japanese company Rakuten for $315 million. [4]
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As of March 2010, Indigo Books & Music owned 58% of Kobo Inc. [6] Rakuten acquired the company from these owners in January 2012. [ 7 ] [ 8 ] On 23 May 2016, Waterstones announced it had sold its eBook business to Rakuten Kobo Inc., and as of 14 June 2016, users were required to access their eBooks via Kobo's eBook site.