REDgroup administration: 37 A&R stores, 1 Borders store to close; 321 staff affected
REDgroup administrators Ferrier Hodgson have announced that 37 Angus & Robertson stores and one Borders store in Australia will close, ‘over the next three weeks’.‘A total of 321 REDgroup Retail...
REDgroup administration: 37 A&R stores, 1 Borders store to close; 321 staff affected
REDgroup administrators Ferrier Hodgson have announced that 37 Angus & Robertson stores and one Borders store in Australia will close, ‘over the next three weeks’.‘A total of 321 REDgroup Retail...
REDgroup administration: No NZ closures in ‘initial phase’ of restructure, creditors’ committees appointed
REDgroup adminstrators Ferrier Hodgson have confirmed that no New Zealand bookstores would be closed and no redundancies were planned in New Zealand 'as part of the initial phase of the...
REDgroup Administration: Employee entitlements ‘priority’ ranked
In an updated circular to REDgroup employees affected by the recently-announced store closures, the Group's administrators Ferrier Hodgson have said that staff entitlements accrued from 17 February, the date of...
RedGroup administrators: staff owed $7.8 million, unsecured creditors $44 million
The administrators of REDgroup Retail held the first creditors' meetings in Melbourne and Auckland yesterday. Key pointsstaff owed $7.8 millionunsecured creditors owed $44 millionPEP owed $118 million$120 million in stock on...
RedGroup administrators: staff owed $7.8 million, unsecured creditors $44 million
The administrators of RedGroup Retail held first creditors' meetings in Melbourne and Auckland today. Key pointsstaff owed $7.8 millionunsecured creditors owed $44 millionPEP owed $118 million$120 million in stock on...
Dymocks attempts to woo A&R/Borders loyalty card holders
Dymocks has announced it is ‘inviting Australian booklovers to bring in their old Borders or Angus & Robertson rewards card into stores nationwide during March to receive 1,000 points when...
REDgroup voluntary administration: PEP owed 75% of money owed to non-staff creditors, creditors meetings announced, industry responses
Administrators Ferrier Hodgson has confirmed that 75% of the money owed by REDgroup Retail to non-staff creditors is owed to the group's owner Pacific Equity Partners (PEP).As reported in a special bulletin...
REDgroup administrators release date of creditors meeting; information documents available for employees, creditors, franchisees and suppliers
Administrators Ferrier Hodgson has announced today that concurrent meetings of REDgroup Retail creditors will take place in Melbourne and Auckland on 1 March. In a circular to creditors, which is now...
Things we keep repeating
UPDATE For the most detailed reports on the REDgroup administration process over the past few months see the Bookseller+Publisher website. As the news of REDgroup retail...
REDgroup enters into voluntary administration
REDgroup Retail, owners of Angus & Robertson and Borders stores in Australia, and Whitcoulls stores in New Zealand, has been placed into voluntary administration. The company called in administrators Ferrier...
REDgroup enters into voluntary administration
REDgroup Retail, owners of Angus & Robertson and Borders stores in Australia, and Whitcoulls stores in New Zealand, has been placed into voluntary administration, reports The Sydney Morning Herald. The...
Industry reacts to REDgroup news
A number of key figures in the Australian bookselling and publishing industry have today shared their reactions to yesterday's news that REDgroup Retail is now under voluntary administration. As reported...
In Brief
National Year of Reading 2012 patron announced Author William McInnes has been announced as the patron of the National Year of Reading 2012. Chair of the National Year of Reading founder...
In Brief
Borders website nominated for AIMIA Retail award The Borders Australia website has been nominated in the Best Retail category in this year's Australian Interactive Media Association (AIMIA) Awards. The Borders site is...
QLD bookstores close in face of rising flood waters; QWC, SLQ and UQP also closed
Bookstores in Queensland are among retail businesses that have been affected by the devastating floods currently sweeping across the state. The Weekly Book Newsletter understands that independent bookstore Avid Reader in...
REDGroup partners with Monsoon to offer second-hand books, movies; New wireless Kobo ereader now available
REDgroup Retail has confirmed it has partnered with Monsoon Commerce Solutions to offer used books and movies among other items on its Borders.com.au website. James Webber, managing director - ecommerce...
REDgroup partners with Monsoon to offer second-hand books, movies
REDgroup Retail has confirmed it has partnered with Monsoon Commerce Solutions to offer used books and movies among other items on its Borders.com.au website. James Webber, managing director - ecommerce...
REDgroup redeems NZX-listed Retail Notes
As a legacy of its acquisition of New Zealand bookselling chain Whitcoulls, REDgroup Retail has continued to be listed on the New Zealand stock exchange (NZX). However, as reported in...
In brief
Flynn appointed ‘ABR' fiction editor Chris Flynn has been appointed the first fiction editor of the Australian Book Review (ABR). Flynn is also co-judge, with the magazine's editor Peter Rose,...