A buyer has been secured for Booktopia after the troubled online retailer collapsed into administration last month following a major slump in share value.
The ailing business and related assets was bought by the owner of digiDirect last week, an Australian-owned business specialising in consumer electronics like cameras, computers and gaming tech.
Administrators shared the news in a statement to the ASX published on Monday.
“Booktopia has been a key part of Australia’s publishing industry for 20 years, and transitioning the business to such a well-known Australian retailer is a great outcome for all stakeholders,” McGrathNicol Partner and Administrator Keith Crawford said.
“We commend digiDirect’s owner Shant Kradjian and his…
