Court approves deal for Cengage US to emerge from Chapter 11 bankruptcy
The US Bankruptcy Court in Manhattan has approved the plan for educational publisher Cengage Learning to emerge from Chapter 11 bankruptcy, the equivalent of administration in Australia, reports Publishers Weekly....
Polare bookstore chain declares bankruptcy
Bookstore chain Polare, which is owned by Dutch investment company ProCures, has declared bankruptcy, reports NL Times. The chain’s stores in the Netherlands and Belgium, which continue to trade, are...
US publisher MacAdam/Cage files for bankruptcy
In the US, San Francisco-based publisher MacAdam/Cage has voluntarily filed for Chapter 7 bankruptcy, the equivalent of liquidation in Australia, reports Publishers Lunch. According to Publishers Lunch, the filing follows...
HMH emerges from Chapter 11 bankruptcy
US publisher Houghton Mifflin Harcourt (HMH) has emerged from its Chapter 11 bankruptcy, after receiving court approval for its restructuring plan last month, reports Publishers Weekly. As previously reported by...
Brumby completes Bookwise acquisition
The sale of Bookwise to Brumby Holdings was completed on 1 May. ‘We are pleased that Bookwise is now back in Australian ownership,' said Gary Cobbledick, managing director of Brumby...
Perseus pounces on PGW
The Perseus Books Group has made a formal offer for all of the distribution contracts of US distributor Publishers Group West (PGW), which has been caught up in the Chapter...
Latest on AMS/PGW
Events surrounding the Chapter 11 bankruptcy of US-based company AMS, the parent of Bookwise and of Publishers Group West, are moving quickly.Among developments in the last week, the Perseus Books...
AMS bankruptcy hits Australian publishers
US-based Advanced Marketing Services declared Chapter 11 bankruptcy on 30 December, owing publishers worldwide over US$100 million (A$124 million). AMS owns a number of book-related companies around the world, including...