Fri, 05/08/2011 - 08:15
Discount bookseller The Works is in talks to buy an online business to boost its growth.
The plans come after the company, owned by private equity firm Endless, increased its pre-tax profit from £7m to £7.1m in the year to 1st May and raised operating profit from £10.4m to £10.5m. Like-for-like sales declined...
Tue, 18/01/2011 - 09:33
The stores of British Bookshops & Stationers look set to continue trading for at least a number of weeks while a buyer for the business is sought.
While buyers are considered by administrator Zolfo Cooper, restructuring specialist GA Europe is assisting it in running BBS to secure as much cash for the business’s...
Fri, 20/08/2010 - 09:52
Eason's failed foray into bookselling in Britain appears to have cost it heavily with the business making a loss of €10.1m (£8.29m) in 2009.
According to the Irish Independent, the book...
Wed, 17/03/2010 - 15:04
British Bookshops has been sold by its private equity parent Endless in a management buy out, nearly nine months after the group first acquired it.
Endless said it had "provided a working capital facility to the business in order that the management team can continue the very good work done to date". The firm forecast a return...
Wed, 08/07/2009 - 14:00
British Bookshops has opened a consultation period with its staff about possible redundancies at the retailer.
The Bookseller revealed last month that c.e.o. John Simpson, who was parachuted in to turnaround the business after it was...
Thu, 04/06/2009 - 13:40
British Bookshops is looking to expand as it begins its turnround under new owners Endless. New chief executive John Simpson, who joined the business two weeks ago, refused to rule out the closure of underperforming stores or making staff cuts. British Bookshops employs around 600 staff. However, he added that the business could expand beyond...
Thu, 21/05/2009 - 13:10
British Bookshops' new owner Endless has said it will not merge the bookseller with its discount book chain The Works. Former W H Smith trading director John Simpson has been installed as chief executive along with a new senior management team. Simpson succeeds Michael Shakespeare, who left British Bookshops unexpectedly earlier this...
Fri, 22/08/2008 - 08:12
The new chief executive of The Works has told The Bookseller that his aim is for the bargain books chain to return to its pre-administration glory, with plans to expand to 300 shops.
Anthony Solomon, who was brought in as chairman and c.e.o. in June by The Works’ new private equity owners Endless, is considering snapping up small...
Tue, 06/05/2008 - 15:39
Works administrator Kroll has refused to confirm or deny reports that the discount bookseller has been taken over by private equity company Endless.
The deal was reported to be worth around £17m. Kroll said that no official statement had been released, and refused to comment further on the deal. It indicated that news was first...
Tue, 01/04/2008 - 07:15
Bargain bookseller The Works is reportedly close to being sold to Leeds-based private equity form Endless for just £15m, according to Private Equity Hub, and a deal could be completed by early next week.