Booktopia is back in business after a successful buyout, hiring new staff and spreading literary joy once again! 📚✨
In a remarkable twist of fate for avid book lovers across Australia, Booktopia is gearing up to reopen its digital doors after successfully securing a buyer following its tumultuous journey through administration. The news comes as a breath of fresh air for the well-loved online book retailer, known for its vast selection of titles and unparalleled dedication to customer service. Under the astute leadership of Shant Kradjian, owner of consumer electronics retailer digiDirect, Booktopia is not just back; it's back with a bang!
With ambitions as high as a bestseller’s list, Kradjian plans to rebuild Booktopia by hiring around 100 new employees to replenish its workforce and spurring growth that could make them the talk of the town again. It’s not merely a revival of an online shop; it’s an exciting new chapter, literally and figuratively, in the story of Australia’s largest online bookseller. There’s a certain magic when employees come together again to rekindle the spirit of reading, and it seems Booktopia is ready to turn over a new leaf!
However, the buyout has not come without its costs. Shareholders and former employees had their fair share of heartbreak as they witnessed Booktopia slip into administration. Yet, amidst the gloom, the silver lining is the continuation of jobs, and a promise of more roles as the business flourishes under its new guidance. Kradjian’s hands-on approach might just be what Booktopia needs to revitalize their unique offerings, drawing avid readers to once again embrace the joys of reading from the comforts of their home.
The resurrection of Booktopia illustrates the enduring love Australians have for books—a love that simply can’t be extinguished. As the retailer prepares to launch its comeback, let’s take a moment to appreciate a few interesting literary tidbits! Did you know that the average Australian reads over 12 books a year? It's no wonder that Booktopia's revival has garnered massive excitement! Furthermore, with the increasing popularity of eBooks and audiobooks, there's a whole new market that Booktopia can tap into, providing a well-rounded literary experience that caters to both traditional and tech-savvy readers!
The administrators of online book retailer Booktopia have confirmed they have secured a buyer for the troubled business.
All remaining employees will be retained and 100 new employees will be recruited after the sale of Australia's largest online bookseller.
Shant Kradjian, the founder of the consumer electronics business, said he expected to hire around 100 staff to restart Booktopia, which had been placed on the ...
Shant Kradjian, the owner of consumer electronics retailer digiDirect, has acquired the assets of failed ASX-listed Booktopia.
Booktopia has been rescued by the owner of online camera store digiDirect, Shant Kradjian, who is adding 100 jobs back to the collapsed bookseller.
Electronics retailer snaps up e-tailer. Australian retailer digiDirect has taken over ownership of Booktopia Group following the latter's entry into voluntary ...
Collapsed book e-retailer Booktopia has been rescued by a white knight digital business that will reopen the company.
Beleaguered book seller Booktopia has been saved from collapse via a buyout from digiDirect founder Shant Kradjian.
Booktopia's administrators have completed the sale of the book retailer's business and assets to DigiDirect's owner Shant Kradjian.
Shant Kradjian, the owner of consumer electronics retailer digiDirect, has acquired the assets of failed ASX-listed Booktopia.
Booktopia, the Australian online bookseller, which went into voluntary receivership in July, has been sold to camera store chain DigiDirect.
Booktopia made up 54.7% of Australia's online bookselling market. Its sale to digiDirect is good news for Australian readers, writers and publishers.
Booktopia and digiDirect will share expertise and fulfilment resources but operate as fundamentally separate entities, said Shant Kradjian.
Embattled bookseller Booktopia will resume operations and hire more than 100 people after online electronics retailer digiDirect agreed to buy the ...