Fri, 29/07/2011 - 09:19
The owner of Living Oasis is in talks with a “third party” to buy the chain after he closed two of his four remaining shops.
Ray George, chairman of the Nationwide Christian Trust (NCT), which bought 19 former Wesley Owen bookshops in January 2010, said the stores were losing him too much money and he did not see a future...
Mon, 18/07/2011 - 08:44
Christian bookselling chain Living Oasis has admitted only one of its branches is making any profit as it culled another shop last week, reducing its total number of stores from 19 to four in just four months.
Living Oasis Cheltenham shut up shop last Friday (8th July), becoming the chain’s fifth closure in four weeks. Ray...
Mon, 11/07/2011 - 16:15
Christian retailer Living Oasis has closed another store, with it slashing its number of branches from 19 to four in just over four months.
The Cheltenham, Gloucestershire branch was closed on Friday with two days’ notice given to its four staff. The closure follows the demise of the Chester, Weston-Super-Mare, Worthing and...
Mon, 23/05/2011 - 09:23
An Edinburgh branch of Christian bookseller Living Oasis will close in June because of “ongoing losses” and no sign that trade will “substantially increase” in the shop.
A formal consultation process had begun with staff after the Nationwide Christian Trust, which runs the Living Oasis network, announced it...
Mon, 21/12/2009 - 07:59
The future of Christian bookshop chain, Wesley Owen, hangs in the balance after parent company IBS-STL announced Friday (18th December) it had gone into administration.
Russell S Cash and Don Bailey of Baker Tilly Restructuring and Recovery have been appointed joint administrators....
Wed, 18/11/2009 - 08:15
Christian bookshop chain Wesley Owen has been put on the market along with its sister companies STL Distribution and publisher Authentic Media, after parent company the Christian book and bible charity IBS-STL UK said it was experiencing "severe financial and operational strains". In total 490 jobs could be at risk if the company...