The Latest Breaking News from Booktopia

With the demise of corporate giants, it’s time to turn to indie booksellers. Here’s a guide of where to get new releases and rare gems alike to your door in Australia

Customers left out of pocket who placed orders have now become, in effect, unsecured creditors

At its height, Australia’s largest online bookseller, Booktopia, had a A$2.4 million turnover, 5 million customers, and sold a book “every 3.9 seconds”. This week, it entered voluntary administration, a month after announcing the axing of 50 jobs and resignation of senior staff, including its chief executive. Shares had fallen…

Insolvency advisers are assessing the business while options for its sale or recapitalisation are explored