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Australia’s largest online bookstore Booktopia enters voluntary administration

Booktopia (ASX: BKG) has entered voluntary administration pending an “urgent assessment” of options for sale or recapitalisation. Insolvency firm McGrathNicol has been appointed and shares in the cash-strapped company will be suspended from trading during the administration process. All Booktopia subsidiaries including online bookseller, publisher and printer Angus and Robertson have been included in the […]

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ASX-listed online retailers were not all created equal

Ongoing lockdowns as a result of the global pandemic may be a boon to online commerce, but don’t presume the unprecedented tide of spending on the part of captive shoppers has lifted all of the ASX-listed ‘boats’. In reality, performance has been varied and it remains to be seen how the sector fares in the […]

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