By Jessica Yun
Booktopia has gone into voluntary administration weeks after suspending its shares on the ASX as rival Dymocks considers snapping up some of its assets.
The embattled online book retailer, which has been scrambling to secure emergency funding, has appointed McGrathNicol restructuring partners Keith Crawford, Matthew Caddy and Damien Pasfield to reassess the business and explore a sale or recapitalisation.
Tony Nashs Booktopia has been handed over to administrators.Credit: Julian Andrews
Australias biggest online bookseller, Booktopia has been buckling under increasing financial strain for years after three straight years of unprofitability, a share pr…
Read the full article at: https://www.theage.com.au/business/companies/online-bookseller-booktopia-enters-voluntary-administration-20240703-p5jqpb.html
