THE CANADIAN book sector has seen its share of turbulence in the past 12 months. Last summer Larry Stevenson, a young, successful businessman at the helm of Chapters, the country's largest book retailer, was pondering ways in which to expand the company further. He wanted to go head-to-head with and perhaps become the country's most popular e commerce site.

At the same time, Heather Reisman, CEO of Indigo Books & Music, a small privately owned book retailer, was also thinking of ways to gain a bigger piece of Canada's ...

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