book2book

  booktrade.info

Search Booktrade.info:  


Tuesday 26th May

Book2book Home Book Trade News Trade Announcements Bestseller Lists About Booktrade.info

Insolvent German Bookseller Weltbild Finds New Investor

Posted at 12:10PM Thursday 17 Jul 2014

The administrator of insolvent German bookseller Weltbild said on Wednesday he had broken off talks with investor Paragon Partners and agreed to do a deal with restructuring specialist Droege International Group instead.

Droege will participate in a 20 million euro ($27.1 million) capital increase at Weltbild and in return receive a 60 percent stake in the group, administrator Arndt Geiwitz said. It will also give Weltbild an unspecified loan.

reuters




Get book trade news by email

Daily book trade headlines and breaking publishing news by email - just £3 a month. Click on the Subscribe button below to sign up now

Find out more


Search the news archive:
 






More Book Trade News

Read Russia Prize 2015 Shortlist Announced
readrussia.org

Celebrating the best translations of Russian literature

Hay Festival 2015: Global Crises Fuelling Surge In Nature Books, Says Author
www.theguardian.com

Meadowland writer John Lewis-Stempel says readers are searching for values in natural world as financial and ecological disasters bite

Authors Guild President Advises Authors Not To Write For Free
goodereader.com

She says that it devalues book sales and there is no correlation between blogging and making more money

China Has Ambitious Plans for BEA
www.publishersweekly.com

The 2015 edition of BookExpo America will feature one of the biggest exhibits ever seen at the annual event

Amazon's UK Contract With Top Book Publisher Penguin Random House Set To Expire
recode.net

Will Amazon's contract negotiations with the last of the "Big Five" consumer book publisher be its toughest?

Amazon to begin paying corporation tax on UK retail sales
www.theguardian.com

From the start of this month the online retailer has started booking its sales through the UK, meaning resulting profits will be taxed by HMRC

Account Sign-In

Most Popular Stories

  1. WHSmith No Longer Worst On The High Street
  2. Penguin Random House UK Extends Relationship With BBC Worldwide
  3. Publishing Technology To Book Further Loss For 2014
  4. JK Rowling Vindicated Over Daily Mail's False Claims, High Court Told
  5. The Bright Emporium Opens September 2015
  6. Joan Hessayon Award Winner Brigid Coady Triumphs With Debut Novel No One Wants To Be Miss Haversham
  7. Jose Mourinho To Publish Picture Book
  8. Ian McEwan Pays Impassioned Tribute To 'Charlie Hebdo's Courageous Writers'
  9. UK Publishing Is 'In A Good Place,' Says PA CEO
  10. Ebury Press Are Delighted To Announce The Acquisition Of 'Made' By Millie Mackintosh