Australian online book retailer Booktopia was acquired by digiDirect owner Kradjian, preserving the company and retaining all employees.
Australian online book retailer, Booktopia, was acquired by digiDirect owner Shant Kradjian, rescuing the company from three years of unprofitability. The deal, including the transfer of all assets and operations, was closed on Friday evening, leading to the retention of all employees and the recruitment of 100 additional staff. The website resumed trading, and Booktopia's trade creditors' supply continuity was maintained.
August 19, 2024
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