Trade dismay at The Book People administration amid hopes of buyer

Trade dismay at The Book People administration amid hopes of buyer

News of The Book People going into administration has been met with dismay by publishers, who still hold out hope that a buyer for at least part of the business can be found.

The online retailer, which employs around 400 people, has appointed Toby Underwood and Zelf Hussain from PricewaterhouseCoopers following a "difficult trading environment that the business has been experiencing, combined with increasing working capital pressures". PwC said there would be no immediate job losses, and Christmas orders already placed would be fulfilled.

Endless, the firm’s owner, had reportedly been try...

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