By Jessica Yun
Updated first published at
Booktopia has appointed voluntary administrators, weeks after suspending its shares on the ASX as it scrambled to secure emergency funding.
The embattled online book retailer has appointed McGrathNicol restructuring partners Keith Crawford, Matthew Caddy and Damien Pasfield as administrators who will reassess the business and explore a sale or recapitalisation.
Tony Nashs Booktopia has been handed over to administrators.Credit: Julian Andrews
Booktopia, Australias biggest online bookseller, has been buckling under increasing financial strain for years following three straight years o…
Read the full article at: https://www.smh.com.au/business/companies/online-bookseller-booktopia-enters-voluntary-administration-20240703-p5jqpb.html