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Indigo Books and Music
Indigo Books & Music Inc., known as "Indigo" and stylized "!ndigo", is Canada's only major English-language bookstore chain. It is Canada's largest book, gift, and specialty toy retailer. Indigo operates stores in all ten provinces and one territory, and through a website offering a selection of books, toys, home décor, stationery, and gifts. Most Chapters and Indigo stores include a Starbucks café inside. As of 2022, Indigo has started selling music (vinyl, CDs), and select audio equipment (headphones, turntables).
At the end of its fiscal year in March 2018, the company reported a record annual revenue surpassing CAD $1 billion. As of July 1, 2017, the company operated 86 superstores under the banners Chapters and Indigo and 123 small format stores, under the banners Coles, Indigospirit, and The Book Company. Indigo is headquartered in Toronto, Ontario and employed more than 7,000 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. In late 2017, announcements were made to expand to the United States, starting with a location in The Mall at Short Hills in Millburn, New Jersey.
The company was founded in 1996 by Heather Reisman, who is married to 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.
In late 2017, it was announced that it would expand to the United States, with its first location opening in The Mall at Short Hills in October 2018.
In September 2022, Reisman stepped down as CEO and became executive chair, with Peter Ruis being named CEO.
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Indigo Books and Music
Indigo Books & Music Inc., known as "Indigo" and stylized "!ndigo", is Canada's only major English-language bookstore chain. It is Canada's largest book, gift, and specialty toy retailer. Indigo operates stores in all ten provinces and one territory, and through a website offering a selection of books, toys, home décor, stationery, and gifts. Most Chapters and Indigo stores include a Starbucks café inside. As of 2022, Indigo has started selling music (vinyl, CDs), and select audio equipment (headphones, turntables).
At the end of its fiscal year in March 2018, the company reported a record annual revenue surpassing CAD $1 billion. As of July 1, 2017, the company operated 86 superstores under the banners Chapters and Indigo and 123 small format stores, under the banners Coles, Indigospirit, and The Book Company. Indigo is headquartered in Toronto, Ontario and employed more than 7,000 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. In late 2017, announcements were made to expand to the United States, starting with a location in The Mall at Short Hills in Millburn, New Jersey.
The company was founded in 1996 by Heather Reisman, who is married to 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.
In late 2017, it was announced that it would expand to the United States, with its first location opening in The Mall at Short Hills in October 2018.
In September 2022, Reisman stepped down as CEO and became executive chair, with Peter Ruis being named CEO.
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