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Indigo Books and Music

Company nameIndigo Books & Music Inc.
Company typePublic:
Founder(s)Heather Reisman
Key peopleHeather Reisman (CEO)
Joel Silver (President)
Jim McGill (COO & CFO)
Revenue(+) $1.017 billion CDN (2011)
Operating income(-) $(4) million CDN (2011)
Net income(-) $11 million CDN (2011)
Total assets(-) $516.180 million CDN (2011)
Employees6,500 (2010),

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Indigo Books & Music Inc. (Tsx - IDG) (stylized as !ndigo) is a Canadian retail 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 the aid of Onex, Indigo later engaged in a hostile takeover of Chapters, their largest competitor, and succeeded in acquiring the company in 2001, but 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.

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