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AAP
AAP
Derek Rose

Bookseller Booktopia takes desperate steps to survive

Booktopia Peter George
The chief executive of Booktopia has tendered his resignation, with immediate effect. (Lukas Coch/AAP PHOTOS)

Booktopia has announced its chief executive is departing, dozens of jobs will be eliminated, and it is withdrawing its earnings forecasts.

The company has arranged $1 million in emergency financing as it struggles to stay afloat.

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