Booktopia

2024 - 8 - 19

Booktopia Rises from the Ashes: From Bookworm to Digital Phoenix!

digiDirect Australian retail industry - Booktopia - business acquisition - digiDirect - job creation - online bookselling - Shant Kradjian

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!

Post cover
Image courtesy of "ABC News"

Booktopia to begin trading again after being bought by online ... (ABC News)

The administrators of online book retailer Booktopia have confirmed they have secured a buyer for the troubled business.

Post cover
Image courtesy of "The Guardian"

Booktopia resumes trading after being sold to owner of online ... (The Guardian)

All remaining employees will be retained and 100 new employees will be recruited after the sale of Australia's largest online bookseller.

Post cover
Image courtesy of "The Australian Financial Review"

Booktopia emerges from administration after sale to digiDirect (The Australian Financial Review)

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 ...

Post cover
Image courtesy of "Startup Daily"

Shareholders lose out as digiDirect owner buys Booktopia from ... (Startup Daily)

Shant Kradjian, the owner of consumer electronics retailer digiDirect, has acquired the assets of failed ASX-listed Booktopia.

Post cover
Image courtesy of "The Sydney Morning Herald"

Rescued: Booktopia sold to online camera store (The Sydney Morning Herald)

Booktopia has been rescued by the owner of online camera store digiDirect, Shant Kradjian, who is adding 100 jobs back to the collapsed bookseller.

Post cover
Image courtesy of "iTnews"

Booktopia buyer found (iTnews)

Electronics retailer snaps up e-tailer. Australian retailer digiDirect has taken over ownership of Booktopia Group following the latter's entry into voluntary ...

Post cover
Image courtesy of "InDaily"

White knight rescues Booktopia, opens door to new life - InDaily (InDaily)

Collapsed book e-retailer Booktopia has been rescued by a white knight digital business that will reopen the company.

Post cover
Image courtesy of "NEWS.com.au"

Major update after Booktopia collapse (NEWS.com.au)

Beleaguered book seller Booktopia has been saved from collapse via a buyout from digiDirect founder Shant Kradjian.

Post cover
Image courtesy of "Inside Retail"

Booktopia sold to DigiDirect's owner who plans to hire more staff (Inside Retail)

Booktopia's administrators have completed the sale of the book retailer's business and assets to DigiDirect's owner Shant Kradjian.

Post cover
Image courtesy of "Startup Daily"

Shareholders lose out as digiDirect owner buys Booktopia (Startup Daily)

Shant Kradjian, the owner of consumer electronics retailer digiDirect, has acquired the assets of failed ASX-listed Booktopia.

Post cover
Image courtesy of "Publishers Weekly"

Australia's Booktopia Sold to Local Camera Store Chain (Publishers Weekly)

Booktopia, the Australian online bookseller, which went into voluntary receivership in July, has been sold to camera store chain DigiDirect.

Post cover
Image courtesy of "The Conversation UK"

'Well-placed for growth': Booktopia has been saved by an online ... (The Conversation UK)

Booktopia made up 54.7% of Australia's online bookselling market. Its sale to digiDirect is good news for Australian readers, writers and publishers.

Post cover
Image courtesy of "SmartCompany.com.au"

DigiDirect owner buys Booktopia from administration (SmartCompany.com.au)

Booktopia and digiDirect will share expertise and fulfilment resources but operate as fundamentally separate entities, said Shant Kradjian.

Post cover
Image courtesy of "ACS"

Booktopia back in business (ACS)

Embattled bookseller Booktopia will resume operations and hire more than 100 people after online electronics retailer digiDirect agreed to buy the ...

Explore the last week