Redundancies announced in AudioGo administration
In the UK, 57 employees have been made redundant at audiobook publisher and retailer AudioGO after the company was placed into administration at the end of October, reports the Bookseller....
DA Information Services, Central Book Services enter administration
Melbourne-based library supplier DA Information Services and its trade distribution arm Central Book Services have been placed into administration. Ferrier Hodgson partner John Lindholm was appointed voluntary administrator of the companies...
Hilco buys HMV stores, will continue to sell books
In the UK, restructuring company Hilco has purchased 141 of the 230 HMV stores, including 25 earmarked for closure, and has confirmed that the chain will continue to sell books,...
‘Reader’s Digest’ files for Chapter 11 bankruptcy protection in the US
The parent company of Reader’s Digest magazine has filed for Chapter 11 bankruptcy protection in the US, the equivalent of administration in Australia, reports the Australian. RDA Holding Co has made...
HMV to close 66 stores
In the UK, music retailer HMV will close 66 stores and make 930 of its staff redundant after entering administration in January, reports the Bookseller. The company’s administrators have selected...
Hilco purchases HMV debt
Restructuring company Hilco has taken ‘effective control’ of music retailer HMV UK after purchasing the company’s debt, reports the Bookseller. The chain, which operates 239 stores in the UK and...
HMV enters administration
In the UK, music retailer HMV has gone into administration, placing more than 4000 jobs at risk, reports the Bookseller. The chain, which operates 239 stores in the UK and...
Campion acquires Wooldridges’ assets, plans retail network expansion
Education supplier Campion Education has confirmed to Bookseller+Publisher that it has purchased some assets, including stock, from Education Works’ Wooldridges retail business. Campion managing director James Cathro said, however, that...
Education Works to be liquidated; Campion acquires Wooldridges
School bookseller Education Works will be liquidated, following a second meeting of the company’s creditors at the end of August. However, three of the nine businesses in the Education Works...
Education Works placed into administration
School bookseller Education Works has been placed into voluntary administration. Andrew Sallway, Said Jahani and Matthew Donnelly of Grant Thornton were appointed administrators of the company and its eight related...
Reader’s Feast to reopen before Christmas
Reader's Feast Bookstore will reopen in a new location in Melbourne before Christmas. Store owner Mary Dalmau told the Weekly Book Newsletter that the newly independent store will be located in...
Supanews to open A&R bricks-and-mortar bookstores
Former REDgroup-owned newsagency chain Supanews has confirmed to the Weekly Book Newsletter that it will operate Angus & Robertson (A&R) bricks-and-mortar bookshops in Australia. Adrian Gaskin, managing director of Supanews,...
Future of Borders Singapore uncertain
News reports in Singapore this week suggest that the future of Borders stores in the country is uncertain. The Straits Times reported on 20 August that the Borders flagship store...
REDgroup administration: Proof of Debt Register for Australian creditors now available
REDgroup Retail administrators Ferrier Hodgson has made a Proof of Debt Register of creditors for the Australian group of companies available online. The document, which is available here, outlines the...
REDgroup administration: Proof of Debt Register for Australian creditors now available
REDgroup Retail administrators Ferrier Hodgson has made a Proof of Debt Register of creditors for the Australian group of companies available online. The document, which is available here, outlines the...
Collins Booksellers acquires 20 former A&R stores
Collins Booksellers has confirmed to the Weekly Book Newsletter that 18 former Angus & Robertson (A&R) franchise stores and two former A&R company-owned stores have joined the Collins network. Collins...
REDgroup administration: Australian creditors must lodge claims by September; final dividends to be paid in October
REDgroup Retail administrators Ferrier Hodgson has called for creditors of the group's Australian companies to submit claims against the companies if they have not yet done so. Trade and gift...
REDgroup administration: Australian creditors must lodge claims by September; final dividends to be paid in October
REDgroup Retail administrators Ferrier Hodgson has called for creditors of the group's Australian companies to submit claims against the companies if they have not yet done so. Trade and gift...
REDgroup administration: creditors in Oz, NZ support proposed DOCA
Creditors of REDgroup Retail voted in support of the deed of company arrangement (DOCA) proposed by the group's administrators at creditors' meetings in Melbourne and Auckland on Thursday 4 August....
REDgroup administration: creditors in Oz, NZ support proposed DOCA
Creditors of REDgroup Retail have voted in support of the deed of company arrangement (DOCA) proposed by the group's administrators at creditors' meetings in Melbourne and Auckland this morning. At...