The Latest Breaking News from Booktopia

Nothing like the smell of ocean breeze, sunscreen and a fresh book.

Australian online retailer Booktopia has been sold to Australian online electronics store digiDirect – saving the business whose sales made up 54.7% of Australia’s online bookselling market. (Booktopia’s closest competitor, Amazon, made up 11.1%.)

At its height, Australia’s largest online bookseller, Booktopia, had a A$2.4 million turnover, 5 million customers, and sold a book “every 3.9 seconds”. This week, it entered voluntary administration, a month after announcing the axing of 50 jobs and resignation of senior staff, including its chief executive. Shares had fallen…

Insolvency advisers are assessing the business while options for its sale or recapitalisation are explored

Online bookstore Booktopia has entered voluntary administration after being unable to line up additional financing to sustain its loss-making operations.

Bookseller tells ASX it will announce outcomes from strategic review, including ‘progress in seeking additional funding’

Booktopia's chief executive has resigned, 50 roles are being eliminated and it is paying $660,000 to establish a $1 million debt facility at 18 per cent rates.

Imperium Press, whose blog fosters a worldview it calls ‘folkishness’, has become an intellectual resource for the far right, but its works are widely available through mainstream sources

You may have forgotten about your 2024 reading goal but I sure haven't.