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Still, his company built the chain from seven to more than 400 outlets, he argues.
Scotts is buying the chain from DDJ Capital Management, a private investment company.
They have expanded the chain from 21 stores to 370, with 15,000 staff.
"Bicycles have speeds by mechanically moving the chain from one gear to another," Mr. Caldwell explained.
The front derailleur moves the chain from one front chainwheel to the next.
The rear derailleur moves the chain from one rear sprocket to the next.
The filing reveals impressive growth in revenues at the chain – from $19.5m in 2010 to $82.5m in 2013.
Now he wore Donna's gold wedding band on the chain from which he'd removed his dog tags.
They expanded the chain from 12 restaurants to more than 250 and sold it for almost £700m in 1999.
He aggressively streamlined its menu and closed unproductive restaurants, rescuing the chain from bankruptcy in a little over a year.
When Daunt arrived two years ago – hired by Alexander Mamut, the Russian billionaire who bought the chain from HMV – Waterstones was in trouble.
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