The Australian online bookstore has announced it has appointed administrators to possibly restructure or sell the business after a year of losses.
  • In short: Australian book retailer Booktopia has gone into voluntary administration.
  • The company has been trading at a loss for over a year and earlier made 50 staff redundant.
  • What’s next? Administrators are looking at selling or restructuring the main Booktopia business and its three subsidiaries.
  • Ilandar
    4·
    5 months ago

    “There’s no doubt, some of the bleed from online will go to Amazon,” he said, describing the prospect as worrying.

    How many major competitors remain?