This was published 6 years ago
The company behind famous retail brands Australian Geographic and the Co-op bookshop has entered voluntary administration owing more than $15 million to toy sellers and publishers.
The administrators, PwC’s Phil Carter, Andrew Scott and Daniel Walley, confirmed they were investigating payments made to a major supplier, controlled by Co-op chief executive Thorsten Wichtendahl, which received more than $500,000 in advance for goods not yet supplied.