Chapters Inc. was formed following the merger of Coles and SmithBooks, then Canada’s two largest bookstore chains. In 1994, Canadian General Capital and Pathfinder Capital purchased SmithBooks from Federal Industries, and later that year acquired Coles from Southam Inc. The strategy was to build a strong base company and use its financial strength to invest in the development of large format book superstores.
In April 1995, the merger of SmithBooks and Coles was finalized, and in November 1995, the new company,
Chapters Inc. opened its first two book superstores and from there grew to become the largest book retailer in Canada, operating bookstores in all provinces, under the names Chapters, Coles, SmithBooks, and World's Biggest Bookstore.
[ Source: www.chapters.indigo.ca ]
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Indigo Books & Music Inc. operates
www.chapters.indigo.ca, a leading Canadian destination for online shoppers seeking books, videos and DVDs. Committed to providing a convenient and hassle-free e-commerce experience, chapters.indigo.ca offers a secure shopping environment, easy-to-use search tools and industry leading customer service.
In September 1999,
Chapters Online became a publicly traded company, separate from Chapters Inc. Chapters Inc. (TSE:CHP), (now Indigo Books & Music Inc.) retains a majority ownership stake in Chapters Online and together the companies operate e-commerce kiosks at all Chapters stores across Canada.
[ Source: www.chapters.indigo.ca ]
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