DigiDirect founder Shant Kradjian. Source: Supplied
The owner and founder of tech retailer digiDirect has purchased book marketplace Booktopia out of administration, but says there are no plans to copy Amazon by combining both businesses under one giant e-commerce brand.
On Monday afternoon, insolvency and restructuring practice McGrathNicol announced digiDirect founder and owner Shant Kradjian had acquired the Booktopia business for an undisclosed sum.
Booktopia entered voluntary administration on July 3 this year, after tallying losses of $16.7 million in the half-year to December 31.
The company said sales had fallen from their…
