Yesterday
- Opinion
- Leading Indicators
The ‘insolvency armageddon’ is all hype
Concern about the record number of company failures is not only overblown, but the surge in businesses going bust is probably a good thing.
- Michael Read
August
Booktopia emerges from administration after sale to digiDirect
The company was once worth $400 million. The founder of digiDirect says he intends to invest in the business to turn around its poor performance.
- Carrie LaFrenz
July
- Opinion
- Insolvency
Booktopia’s outsized ACCC penalty may have sped up its decline
The ACCC secured $20 million in fines against Meta, Facebook’s parent. If the fine was proportionally the same size as Booktopia’s, it would have been $82 billion.
- Aaron Patrick
New suitor emerges for Booktopia, as bid deadline looms
digiDirect has hired PwC to advise it on a potential purchase, and brought in several former senior Booktopia staff for advice.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Kogan, QBD on the scene at collapsed Booktopia
Booktopia also offers “unique” technology, website assets and systems, and wholesale sales channels into retail and educational markets for a would-be acquirer, sources noted.
- Sarah Thompson, Kanika Sood and Emma Rapaport
March
Booktopia vows to do anything to stay afloat
The boss of the book retailer says all options are on the table in a strategic review hastened by a disastrous share price performance.
- Paul Smith
June 2023
Booktopia raising to fund warehouse consolidation
The two-tranche placement was priced at 12¢ a share, or a 25 per cent discount to the last close.
- Sarah Thompson, Kanika Sood and Emma Rapaport
September 2022
Booktopia founder Tony Nash wrests back control
The online bookseller’s independent directors have quit after a boardroom tussle, as the share price wallows near record lows.
- Simon Evans
- Opinion
- Retail
How online retailers Kogan, Adore and Cettire got it terribly wrong
Pure-play e-tailers are cutting investment to prioritise profits, raising doubts about their ability to scale and making industry consolidation more likely.
- Sue Mitchell
August 2022
- Exclusive
- Board shake-up
Booktopia shareholder scolds board, Tony Nash over stoush
Nick Burton Taylor, the second-largest shareholder, says a board spill is consuming and costly, and the company should be focused on improving its performance.
- Carrie LaFrenz
Freehills, Corrs score front-row tickets to Booktopia battle
If there’s three things lawyers love, it’s fees, books and an argument.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Booktopia co-founder seeks to spill the board
It is getting nasty over at the nation’s largest online seller of books, with Tony Nash seeking to call an EGM to dump two directors.
- Carrie LaFrenz
July 2022
Booktopia ousts its CEO, shares slide anew
Booktopia Group’s board said it has issued “notice” to Tony Nash to vacate the chief executive role.
- Miranda Ward
April 2022
Dymocks says pandemic and TikTok drive higher book sales
Dymocks boss Mark Newman says bricks and mortar stores and a strong online presence are the right model for book sales.
- Simon Evans
December 2021
Deloitte wins big auditor work from rival firms
The firm will become the corporate auditor for listed companies Booktopia and Boral after winning the work from its big four rivals.
- Edmund Tadros
September 2021
Booktopia ponders new capital raising to fund acquisitions
The online bookseller is doing due diligence on several businesses and prepared to spend between $10 million and more than $100 million on the right deals.
- Sue Mitchell
August 2021
Booktopia block flies after hitting record price
A parcel of $62 million worth of Booktopia shares exchanged hands early on Monday.
- Anthony Macdonald and Yolanda Redrup
Booktopia eyeing $1b in sales as book buying shifts online
Chief executive Tony Nash is looking for acquisitions locally and overseas to underpin further growth following a surge in demand during the pandemic.
- Sue Mitchell
June 2021
Booktopia expects robot stackers to increase stock by 25pc
An $18 million in investment in technology is helping the online book retailer increase capacity, build its range and deliver orders faster.
- Sue Mitchell
May 2021
Booktopia’s Nash cashes in on rising sentiment
The online book store has gone from crowd-funding misfires to insto favourite in just a couple of years.
- Tom Richardson