Now also a
victim of a
hostile takeover orchestrated by
Heather Reisman, owner of competing chain
Indigo, and her husband,
Gerry Schwartz, who tried unsuccessfully to take over the woesomely unprofitable
Canadian Airlines and merge it with the somewhat-less-unprofitable
Air Canada, a merger that occurred anyway. Chapters achieved monumental notoriety in the book industry by not paying their bills in anything remotely resembling a timely fashion -- or
at all, when possible.