Buyer found for German distributor KNV

Buyer found for German distributor KNV

Berlin-based logistics service provider Zeitfracht has stepped in to secure the future of bankrupt KNV, Germany’s largest wholesaler and distributor.

The German book industry heaved a collective sigh of relief yesterday (Wednesday 26 June) when it was announced that beleaguered book wholesaler KNV has found a buyer. Zeitfracht bought KNV, which went into receivership in February, as a going concern with its three locations in Stuttgart, Leipzig and Erfurt and various subsidiaries, including distributor LKG which was originally not part of the bankruptcy filing. 

Financial details were not...

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