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Desert Island Discs

Sir Tim Waterstone, businessman

Desert Island Discs

BBC

Society & Culture, Music Commentary, Music, Personal Journals

4.413.7K Ratings

🗓️ 4 August 2019

⏱️ 40 minutes

🧾️ Download transcript

Summary

Sir Tim Waterstone is the founder of the bookshop chain that bears his name. Born in May 1939, he was the youngest of three children. His father, who worked for a tea company all his life, served in the Royal Army Service Corps during the war, and so was absent when Tim was very young. Their relationship was difficult throughout his childhood. Tim was educated at boarding schools from the age of six, when his parents went to India for two and a half years. After studying English at Cambridge and a stint working in India, he joined Allied Breweries, moving to WH Smith in 1973. Eight years later he was fired and at this point he decided to open his own bookshop. The first Waterstone’s opened its doors in 1982 when Tim was 43. A further 86 bookshops opened within a decade. In 1993, he sold the company to his former employer, WH Smith. Five years later, he bought it back again as part of a newly formed group, HMV Media, but just three years after that, in 2001, he resigned as chairman. Since then he’s made several unsuccessful attempts to buy back the company which changed hands most recently in 2018. He recently celebrated his 80th birthday and lives in London with his third wife, the television director Rosie Alison. BOOK CHOICE: Oxford Book of English Poetry LUXURY ITEM: A Photo of his wife CASTAWAY'S FAVOURITE: The Dream of Gerontius by Edward Elgar Presenter: Lauren Laverne Producer: Cathy Drysdale

Transcript

Click on a timestamp to play from that location

0:00.0

BBC Sounds Music Radio Podcasts

0:04.9

Hello, I'm Lauren LeVern and this is the Desert Island Disks Podcast.

0:08.6

Every week I ask my guests to choose the 8 tracks, book and luxury they'd want to take

0:13.3

with them if they were cast away to a desert island.

0:16.7

And for right reasons, the music is shorter than the original broadcast.

0:20.9

I hope you enjoy listening.

0:30.0

Music Radio Music

0:43.2

My cast away this week is Sir Tim Waterstone.

0:46.2

When he founded Waterstones back in 1982, his initial vision of a literary haven for book

0:51.5

lovers, late-eltening shops bursting with stock and staffed by knowledgeable enthusiasts

0:56.7

was considered highly unconventional.

0:59.3

Many, including his former employers at WH Smith, didn't think it would last.

1:04.0

He proved them wrong and his shops proved the perfect home for readers and writers alike.

1:09.6

The stores also became the natural choice for launch parties and public appearances by

1:14.0

the literary firebrands of the day.

1:16.6

Browsing was actively encouraged and was good for business too, over 70% of sales were

1:21.9

impulse buys.

1:23.7

His life as a bookseller might best be filed under adventure.

1:27.7

He built Waterstones up, sold it to old rivals, bought it back, then quit, then helped

1:32.4

someone else buy it.

1:33.7

One constant has been his love of books themselves.

1:36.9

He says, I think the printed word on paper between two boards is the most fabulous consumer

...

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