Australian online retailer Booktopia has entered voluntary administration, following a voluntary suspension of share trading that occurred two weeks prior.
Keith Crawford, Matthew Caddy, and Damien Pasfield, partners of restructuring and insolvency company McGrathNicol Restructuring, have been appointed as the voluntary administrators to oversee the process.
The administrators are exploring options for the business, including sale and recapitalisation.
A spokesperson for McGrathNicol confirmed that Booktopias online retail activities would continue as usual for the time being.
The company also assured that it will ma…
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