Diamond Comics UK’s management team has purchased the business after the comic book distributor’s US parent company filed for bankruptcy.
The deal was backed by Barclays, which provided a £1.39m term loan through the Government Growth Scheme (GGS). The management team submitted a bid and secured court approval on 25th August 2025, and the buyout was completed in mid-September.
The deal ensures that 300 UK businesses can continue sourcing from a UK partner. This will enable them to avoid the higher costs, potential US tariffs and logistical challenges associated with sourcing from multiple international distributors. More than 60 jobs in Cheshire were also safeguarded because of the deal.
“When our US parent entered Chapter 11,…