REDgroup administration: Administrators Ferrier Hodgson initiate court proceedings against 25 A&R franchise stores
In a statement last Friday, REDgroup administrators Ferrier Hodgson announced that they have initiated court proceedings against the 25 Angus & Robertson (A&R) franchise stores that announced on 5 April that they would...
REDgroup administration: 16 Borders stores to close in Australia
REDgroup administrators Ferrier Hodgson has announced that it will close 16 Borders stores in Australia. The closures will affect 510 staff (310 full-time and part-time; 200 casual) and leave just nine Borders stores...
REDgroup administration: 25 A&R stores to terminate franchise agreements
As reported by Bookseller+Publisher online yesterday, 25 Angus & Robertson (A&R) franchises have announced that they have formally terminated their franchise agreements with the REDgroup Retail owned company. The Weekly...
REDgroup administration: 12 more A&R stores to close; Whitcoulls airport stores sold
The administrators of REDgroup Retail have announced a further 12 Angus & Robertson stores will close. A statement from administrators Ferrier Hodson released on Thursday 31 March said the closures will...
REDgroup administration: 12 more A&R stores to close
The administrators of REDgroup Retail have announced a further 12 Angus & Robertson stores will close. A press release from administrators Ferrier Hodson said the closures will result in 102...
Kobo announces new funding
Kobo has announced increased investment in the company in a funding round reportedly led by Fidelity Investments and which Kobo says includes further investment from founding shareholders Cheung Kong subsidiary...
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: 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...
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 releases finalised annual report
Further to the Weekly Book Newsletter article REDgroup annual results: ‘Promising growth' in online sales but overall $43 million loss, the REDgroup has announced its final 2009-10 full year results...
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...
Neil to leave REDgroup, join Kobo
Malcolm Neil, communications manger at REDgroup Retail, will leave the business to take up the position of director of vendor relations for Australia and New Zealand with the group's ebook partner...
Hachette Australia launches ebooks on Australian iBookstore under agency model, Kobo launch to follow
Hachette Australia has announced that its ebooks will be among those available on the Apple iBookstore Australia, which launched its first paid local content yesterday, and will be available on...
‘Surrender’ wins NZSA-Pindar Publishing Prize, exclusive REDgroup deal criticised
Surrender by Donna Malane is the inaugural winner of the NZSA (New Zealand Society of Authors)-Pindar Publishing Prize. Malane's manuscript, chosen as the winner from 508 submissions, was described by...
Browne to replace Walker at REDgroup
REDgroup Retail, owner of Borders, Angus & Robertson and Whitcoulls, has announced Rod Walker will step down from his role as executive chairman.The announcement comes as the group confirms it...
Kindle reduced to A$215
Amazon has reduced the price of its Kindle ereader from US$279 (A$320) to US$189 (A$215). The reduced price, which applies to Australian purchases, brings the ereader closer to REDgroup's Kobo...
Text confirms ‘almost 150’ ebooks soon to be available
Text Publishing has confirmed it has ‘almost 150 titles either currently available or about to be listed' as ePub format ebooks. ‘In the beginning we favoured bestselling and critically acclaimed...
iPad launches in Australia; no local iBooks content yet
The Apple iPad launched in Australia last Friday 28 May. Apple, which also launched the device in the UK, Canada, Japan, Germany, France, Italy, Spain and Switzerland, reports more than...