AllBooks4Less trademarks, assets purchased by SJC Books

Monday, 7 October 2013 Books+Publishing

Remainders outlet AllBooks4Less will be relaunched in coming weeks, following the acquisition of its trademarks and some of its assets by Victorian-based company SJC Books Pty Ltd.

The acquisition comes after AllBooks4Less and its parent company, books wholesaler and remainders dealer TB Clarke, went into liquidation in August. The companies were placed into administration in early July.

Tom Boland is director of SJC Books and corporate advisory company Straight Jacket Capital Pty Ltd, which Boland said ‘advises several large Australian companies predominantly in the liquidation of clearance stock to online companies’. Boland told Books+Publishing that SJC Books, which is a standalone company, purchased ‘the trademarks and certain assets of AllBooks4Less’ in September, specifically the company’s ‘intellectual property and customer lists’.

However, Boland confirmed that HLB Mann Judd in Sydney remains the appointed liquidator of AllBooks4Less and TB Clarke. ‘SJC Books Pty Ltd has purchased the trademarks and certain assets of AllBooks4less, however we have not purchased the company,’ Boland said.

In September, AllBooks4Less released a statement announcing that it has been ‘busy transforming the way we do things’ into an ‘exciting new format’, which will include an online store as well as pop-up shops. Boland told Books+Publishing the business is ‘in the process of finalising our online store which will be a new concept to be revealed in the coming weeks’.

Boland said that the business’ primary focus is ‘to get the online store back up and running and then looking at the way we operate pop up stores to give the best value to our customers’. ‘We have taken into consideration the way that the online store ran previously and where its downfalls were and have addressed the issues as we saw them,’ added Boland.

Category: Local news