Booktopia co-founder Tony Nash. Source: supplied.
Australian online book retailer Booktopia has entered voluntary administration, following a first-half revenue downturn and struggles to secure additional funding.
The ASX-listed company on Wednesday appointed McGrathNicol restructuring partners Keith Crawford, Matthew Caddy, and Damien Pasfield as voluntary administrators.
The administrators are “undertaking an urgent assessment of Booktopia’s business while options for its sale and/or recapitalisation are explored”, McGrathNicol Restructuring said.
The first meeting of creditors will occur by Monday, July 15, with an exact date to…
