Barely two dozen employees remain at the embattled book retailer whose administrators found the business didn’t have the funds to retain them.
Customers have been prevented from placing orders with Booktopia-operated websites after administrators axed 165 jobs at the embattled bookseller where dozens of interested parties are circling the carcass that remains of the business.
Administrators generally prioritise offers that allow the business to be sold as a going concern, but ultimately will assess what the best option is for returning the highest value to creditors.Customers who try to buy items from websites owned by Booktopia, which also owns the Angus and Robertson website and publisherservices.com.au, will be greeted by a banner message stating “Payment gateway under maintenance, try again later” at the checkout page with no option to complete the purchase.
Administrators will work through those and shortlist the best offers to proceed to the next stage of the process, where parties will be asked to submit final binding offers before the end of the month.
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