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...

This is subscriber-only content

Not a subscriber? Get unrestricted access to all the news, charts, previews, data & analysis by subscribing from as little as £3 per week.


Why Subscribe?

Every issue of The Bookseller magazine

Unlimited access to thebookseller.com (single user)

The Bookseller e-edition app for tablet and mobile

Subscriber-only newsletters

Twice yearly Buyer's Guides worth £50

Discounts on The Bookseller Awards and Conferences

Click here to subscribe now