The Website of The Magazine of the Science Fiction & Fantasy Field

Locus Online
  
Sub Menu contents




Recent Posts

Archives

 




 

Send items, updates, or corrections for this page to locus@locusmag.com





Awards Calendar

2013 Winners


[* links to sfadb pages with nominee indexing and cover images]

2012 Winners





Categories

Tags



This blog is hosted by WordPress beginning April 2010, with re-initialized categories and tags. Labels listed below apply to the earlier, Blogger-hosted posts.

Labels for Earlier Posts

Leading Australian Bookseller Goes Bust

Australia’s dominant bookselling organization REDgroup Retail has been placed into voluntary administration by its owner, private equity group PEP, just a day after Borders Group filed for bankruptcy. The group includes Angus & Robertson, Borders in Australia, and New Zealand’s Whitcoulls, with a combined staff of about 2,500. Angus & Robertson’s history in Australia dates back to 1886, and Whitcoulls dates back to 1882.

Ferrier Hodgson partners were appointed as administrators, and FH partner Steve Sherman plans for business as usual while administrators assess the business’s finances and prepare to meet with creditors. The flagship Borders franchise plans to continue operations in the short term. The failure is not linked to the US Borders, which is owned by a different corporation, but occurred for similar reasons: the market shift to Internet purchasing and soft sales in general.

See Brisbane Times for more.

Comments

Pingback from Tweets that mention Locus Online News » Leading Australian Bookseller Goes Bust — Topsy.com
Time Thu 17 February 2011 at 3:02 pm

[...] This post was mentioned on Twitter by Andrea Nicosia, Locus Magazine. Locus Magazine said: Leading Australian Bookseller Goes Bust http://tinyurl.com/458zqxr [...]


© 2011-2014 by Locus Publications. All rights reserved. Powered by WordPress, modified from a theme design by Lorem Ipsum.