Booktopia has been placed in voluntary administration, with its administrators exploring options for selling and/or recapitalising the business.
The book retailer has appointed McGrathNicol Restructuring partners Keith Crawford, Matthew Caddy and Damien Pasfield as voluntary administrators, who issued a statement saying they are undertaking “an urgent assessment” of the company’s trading position.
The first statutory meeting of Booktopia’s creditors will be held on July 15.
The site continues to trade as normal as the administrators evaluate its financial position.
Booktopia asked for its share to be suspended from trading on June 23 as it pursued refinancing options. The suspension will continue during…
