REDgroup administration: NZ businesses sold
REDgroup administrators Ferrier Hodgson has confirmed that the Whitcoulls and Borders businesses in New Zealand have been sold. Ferrier Hodgson has sold 57 Whitcoulls and five Borders stores to Project Mark...
Bookstores close after NZ tornado
A number of New Zealand bookstores are currently closed following the tornado which hit Auckland on 3 May. Whitcoulls has advised that the Whitcoulls store located in the Westfield shopping...
REDgroup administration: Eight NZ stores sold
REDgroup administrators Ferrier Hodgson announced on 29 April that it has sold the Bennetts business in New Zealand. Ferrier Hodgson has sold eight Bennetts bookstores located in New Zealand universities to...
REDgroup Administration: Administrators take 25 A&R franchises to court; 16 Borders stores to close; NZ airport stores sold; Cain, Smith leave REDgrou
The Supreme Court of New South Wales is expected to announce a hearing date tomorrow in the legal case between REDgroup Retail administrators Ferrier Hodgson and the 25 Angus & Robertson (A&R)...
REDgroup administration: 16 Borders stores to close in Australia, 510 staff affected
REDgroup administrators Ferrier Hodgson has announced that it will close 16 Borders stores in Australia. The closures will affect 510 staff and leave just nine Borders stores in Australia. The closures are...
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...
NZ travel book prize winners announced
The winners of this year's Whitcoulls Travcom Travel Book of the Year Award and the Whitcoulls Pictorial Travel Book of the Year Award have been announced. Auckland author Ian Robertson...
REDgroup Administration: Convening period for second meetings of creditors extended; REDgroup NZ for sale; More info for prospective buyers released
The Federal Court of Australia has this week extended the period within which administrators Ferrier Hodgson must convene a second meeting of creditors for the Australian companies of REDgroup Retail....
REDgroup administration: REDgroup Australia for sale; 37 A&R stores, 1 Borders store in Oz to close; 321 staff affected
Administrators Ferrier Hodgson has announced it is seeking expressions of interest for the Australian-based companies of REDgroup Retail.In an advertisement in yesterday's Australian Financial Review, the administrators encouraged 'all interested parties' to submit expressions...
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 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...
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, 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...
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
Whitcoulls to sponsor new book awardWhitcoulls has announced that it will sponsor a new annual book award from next year. Entries are now open for the 2011 Whitcoulls Pictorial Travel...
REDgroup appoints group commercial director to drive growth in non-book categories
REDgroup Retail, owner of Borders, Angus & Robertson and Whitcoulls, has appointed Adrian Jones as group commercial director. Jones will be responsible for growing ‘new focus categories', which are stationery,...