Indigo Books & Music Inc. is a Canadian retail company that operates book, gift, and music stores. It is the largest book retailer in Canada. Who owns Indigo Books & Music Inc.?Indigo Books & Music Inc. is owned by Heather Reisman and her husband, Gerald Schwartz, through their private holding company, H&S Holdings Inc. They acquired the company in 2001 and have since grown the chain to over 200 stores across Canada. They also own a number of other companies, including Chapters, Coles, and the Kobo e-reader.