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The Indigo/Chapters chain has been criticized over what some perceive as a virtual monopoly over retail-based book sales in Canada. In 2002, the company strongly opposed the entry of Amazon into the Canadian marketplace with accusations the U.S.-based company was skirting regulations about foreign ownership of Canadian booksellers.
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.
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.
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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