A co-founder of battling online book retailer Booktopia, Tony Nash, has wrested back control of the company after a boardroom spat.
But the share price of Booktopia continues to wallow – the stock is at less than one-tenth of the value when it listed on the ASX in December 2020 at $2.30 per share. The shares lost 3.9 per cent on Wednesday, closing at 25¢.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
