Waterstone's founder 'in bid to buy back book train'

Tim Waterstone, who founded the eponymous book chain, is understood to be putting together a £250m (€366.5m) deal to buy it back, it was reported today.

Mr Waterstone, who stood down as chairman of the group in 2001, is said to have secured funding for an offer from private equity firms, according to a report in the Sunday Telegraph newspaper.