Wed, 29/02/2012 - 10:58
Ragged Bears Publishing has entered into administration due to the "difficult" foreign rights market, with the publisher's original parent company, Ragged Bears Ltd, to "take back the responsibilities and commitments of Ragged Bears Publishing Ltd".
Ragged Bears Publishing appointed The Frost Group in...
Wed, 28/04/2010 - 08:30
Hughes & Hughes has gone into liquidation with debts estimated at €15m, according to a report in the Irish Times.
Hughes & Hughes owes about €9m to its only secured creditor, Ulster Bank, which appointed a receiver to the company in February. But it also owes more than €6.4m to unsecured creditors,...
Mon, 15/03/2010 - 07:43
The administrator of The Reader's Digest Association has said he is "very pleased with the number and quality of offers received", after the deadline for offers expired last week.
Phillip Sykes, head of corporate advisory services at Moore Stephens, said he had received nine "indicative offers" to acquire the...
Sun, 07/03/2010 - 09:05
There have been "almost 100 expressions of interest" in buying Reader's Digest UK with 30% of approaches interested in the whole business.
Phillip Sykes, head of corporate advisory services at Moore Stephens, said: "We have sent information memoranda and process letters to some 25 potential purchasers and have...
Tue, 02/03/2010 - 09:42
London esoteric bookshop Watkins Books will placed in liquidation at the end of the month unless a buyer comes forward.
Wed, 17/02/2010 - 13:58
Reader's Digest Association UK has filed for administration after its board decided that it was financially unable to meet the obligations of its underfunded pension scheme and could not sustain its own operations. It employs 117 employees.
Its parent the Reader's Digest Association had been trying to work on a deal to come out...
Mon, 15/02/2010 - 08:20
Wesley Owen's parent company IBS-STL owes trade creditors almost £2.5m, according to the administrators' report. IBS-STL went into administration on 18th December. According to the report just shy of £2m is available to unsecured creditors, which in total are owed £9.6m.
The trade creditors include Thomas...
Mon, 01/02/2010 - 07:10
Borders UK’s unsecured creditors could receive as little as 1.5p in the £1, with just £600,000 ring-fenced to pay what is estimated to be in excess of £40m-worth of debt.
Publishers, who were confident of having their £10.8m debts largely repaid in full last year, have so far received £2.2m due to...
Thu, 24/12/2009 - 09:56
By the beginning of this week there is little point in even attempting to keep the store looking good. The customers' feverish need for a bargain reduces any display to random piles of disparate titles within seconds. A whole floor is closed off as we have no stock to fill it. Wandering around while the chaos continues above it seems unreal,...
Wed, 23/12/2009 - 09:37
The wider media has marked the demise of Borders UK with various reports from the closing down sales. The rump of the chain closed for trading yesterday (22nd), though a few stores remain open today (23rd) as the last of the stock is cleared with discounts as high as 90%. These said a spokesman for the administrator would be "wound down...