book2book

  booktrade.info

Search Booktrade.info:  


Tuesday 28th July

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

'Watchman' Print King Of The US Digital Era
www.publishersweekly.com

Go Set a Watchman sold more print copies in its first week than any book since Dan Brown's The Lost Symbol

Romance Writers Of America 2015 Award Winners
www.rwa.org

The Romance Writers of America named the winners of their RITA and Golden Heart awards in 19 categories on Saturday night

Bloomsbury bonkbuster to air on BBC2
www.mhpbooks.com

Is this the raunchiest TV show ever?

France Beats Britain To Win First European Quidditch Games
www.theguardian.com

French side's main keeper breaks his shoulder in tough 90-50 final of Harry Potter-inspired tournament held in Italian hillside

E-books For Sale, But Not Selling, At Independent Booksellers
www.denverpost.com

E-book sales are low and US customers show little interest in digital books

Harpercollins UK, Amazon Come To Terms
www.shelf-awareness.com

HarperCollins UK and Amazon have agreed on new terms after what Harper CEO Charlie Redmayne called "tough negotiations"

Account Sign-In

Most Popular Stories

  1. Children's Book Could Be Surprise Bestseller Of The Summer
  2. Boris Johnson 'Signs £500k Book Deal' To Write Shakespeare Biography
  3. HBO 'To Remake All Creatures Great And Small'
  4. Amazon Reportedly Plotting 'Drive-thru' Grocery Stores
  5. No Exit Press Short Story Writing Competition Longlist Announced
  6. Pearson To Sell Economist Group Stake
  7. The Worst Ebook Cover Art – July 2015
  8. Printing Error Blamed For Missing Text In Go Set A Watchman Books
  9. The Myth Of The Lazy Writer
  10. Amazon Surprises With Profit In The Second Quarter