Readersforum's Blog

February 17, 2011

Australia’s largest bookselling chains fall into administration

Filed under: Bookshops — Tags: , , , , , — Henry Greeff @ 12:30 pm

17.02.11 | Philip Jones

The Australian book trade has been hit by the surprise collapse of REDgroup, which owns the country’s largest bookshop chain Angus & Robertson, as well as Borders and the Whitcoulls chain of newsagencies in New Zealand.

It comes just hours after Borders US, no longer associated with Borders Australia, finally filed for Chapter 11 after weeks of uncertainty.

The Sydney Morning Herald described it as a “voluntary administration”, and said that REDgroup was forced to call in administrators to the businesses following a board meeting.       …read more

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