Indigo Books and Music
 |
|
| Public | |
| Traded as | : IDG |
| Industry | Books |
| Founded | 1996 |
| Founder | Heather Reisman |
| Headquarters | Toronto, Ontario, Canada |
|
Key people
|
Heather Reisman (CEO) Joel Silver (President) Jim McGill (COO & CFO) |
| Revenue |
 $1.017 billion CDN (2011) |
 $(4) million CDN (2011) |
|
|
$11 million CDN (2011) |
|
| Total assets |
$516.180 million CDN (2011) |
|
Number of employees
|
6,500 (2010), |
| Website | indigo.ca |
Indigo Books & Music Inc. (: IDG), usually known as "Indigo" and stylized "!ndigo", 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.
As of February 2016, the company operated 90 superstores under the banners Chapters and Indigo and 126 small format stores, under the banners Coles, Indigospirit, SmithBooks, and The Book Company. Indigo is headquartered in Toronto, Ontario and employs over 6,200 people throughout Canada.
After a series of mergers and acquisitions in the Canadian bookstore industry, Indigo stands as Canada's last remaining national bookstore chain.
The company was founded in 1996 by CEO Heather Reisman, wife of Gerry Schwartz, majority owner and CEO of Onex Corporation.
The company's first big box bookstore, initially called "Indigo Books, Music & More", was opened in Burlington, Ontario on September 4, 1997. With financing from Onex Corporation, Indigo bought Chapters, their largest Canadian competitor, in 2001 and continues to operate many stores under the Chapters banner. Indigo also gained the ownership of the Coles chain of small-format bookstores, which was also owned by Chapters.
Indigo closed three high-profile stores in Toronto in the spring of 2014, including the World's Biggest Bookstore, which it acquired when it bought Chapters. In June 2014, Reisman said the company was headed into a new phase, selling a much higher percentage of non-book items.
The company sells books, magazines, CDs, DVDs, gifts, and toys through its website and in its stores. Its banners currently include Indigo Books & Music, Chapters, Coles, SmithBooks, IndigoSpirit, and Prospero-The Book Company (small format).
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Wikipedia