Round-up of stories on REDgroup entering voluntary administration

 

UPDATE

For the most detailed reports on the REDgroup administration process over the past few months see the Bookseller+Publisher website.

 

 

As reported by the Weekly Book Newsletter yesterday, REDgroup Retail, owner of Borders, Angus & Robertson and Whitcoulls stores in Australia, New Zealand and Singapore, has been placed in voluntary administration. Here is a round-up of recent media coverage:

General news

Borders, Angus & Robertson go bust’ by Eli Greenblat, The Age, WA Today, SMH and Brisbane Times, 17 February 2011

Borders, Angus & Robertson parent Redgroup Retail in voluntary administration’, by Blair Speedy, The Australian, 17 February 2011

Angus & Robertson enters administration’, ABC News, 17 February 2011

Borders, A&R stores in administration’ by Antonia Magee, Herald Sun and News.com.au, 17 February 2011

Borders and Whitcoulls put under administration’, by TVNZ, 17 February 2011

Borders bankruptcy spreads to US and Australia’, by The Guardian, UK, 17 February 2011

Dark chapter for booksellers’, by Blair Speedy and Stephen Romei, The Australian, 18 February 2011

Internet spells the death of bookstores’, by Peter Lloyd, ABC News, 18 February 2011

Owners move to salvage Borders, Angus & Robertson’, by Eli Greenblat, Jason Steger & Chris Zappone, The Age, 18 February 2011

Online shoppers write unhappy ending for Borders, Angus & Robertson’, by Eli Greenblat, Jason Steger & Chris Zappone, SMH, 18 February 2011

Borders and Angus &Robertson in hands of administrators’, by Tim Dornin, The Advertiser, Adelaide, 18 February 2011

Online closes the books’, by Antonia Magee, Tony Grant-Taylor & Lizzie Stafford, The Courier-Mail, 18 February 2011

Whitcoulls workers’ future uncertain’, by Tamsyn Parker, NZ Herald, 18 February 2011

Whitcoulls stores face closure’, by Tamsyn Parker, NZ Herald, 18  February 2011

Poor success rate for voluntary administration, says insolvency specialist’, by Tamsyn Parker,  NZ Herald, 18 February 2011

Borders, Whitcoulls under administration’, Stuff.co.nz, 18 February 2011

Technology blamed for Whitcoulls’ troubles’, by TVNZ, 18 February 2011

Troubled Whitcoulls issues voucher rules’, by TVNZ, 18 February 2011

Double trouble for holders of Borders’ gift vouchers’, by Chris Zappone, SMH, 18 February 2011

UPDATE

Internet blamed as booksellers enter administration’, by Peter Lloyd, Lateline, ABC, 17 February 2011

Nine Whitcoulls jobs threatened’, by Laurel Stowell, Wanganui Chronicle, 18 February 2011

Conroy links online retail to job losses’, ABC News, 18 February 2011

Borders, Angus & Robertson out of step, out of time: independents’, by Jason Steger, The Age, 18 February 2011

Book voucher auctions pulled’, by William Mace, Stuff.co.nz, 18 February 2011

Local shelf life looks good’, by Brian Ward, The Mercury, Tasmania, 18 February 2011

Book stores struggle as online sales rise’, by Greg Hoy, The 7:30 Report, ABC, 18 February 2011

Whitcoulls’ fate rests on two meetings’, by Tamsyn Parker, NZ Herald, 19 February 2011

Cuts loom as publishers rip into management’, by Tom Dusevic & Stephen Romei, The Australian, 19 February 2011

Shorten closes book on imports’, by Sid Maher & Blair Speedy, The Australian, 19 February 2011

Borders demise not just down to net, say booksellers’, by Jason Steger & Paris Cowan, SMH, 19 February 2011

Book gifts that keep on taking’, by Holly Ife, Herald Sun, 19 February 2011

Bookstores beef up security in face of fury’, by Isaac Davison, NZ Herald, 19 February 2011

Union to meet administrator over bookshop chains’, by NZPA, Stuff.co.nz, 19 February 2011

Site rationalisation’ may be on cards for REDgroup’, by Claire Rogers, The Dominion Post, Stuff.co.nz, 19 February 2011

Little stores find safety in niches’, by John Mangan, The Age, 20 February 2011

Book business is its own worst enemy’, by Darren Osborne, Technology and Games, ABC Online, 21 February 2011

Malls to get in on the online shopping act’, by Bridget Carter, The Australian, 21 February 2011

TALKING POINT Books policy too contradictory to be true’, by The Australian, 21 February 2011

Staff sure Borders is not closing down here’, by Jing Yng, TODAYonline, Singapore, 21 February 2011

Administrator to honour cancelled vouchers’, by Chris Zappone, SMH‎, 21 February 2011

Whitcoulls staff advised to stay put’, by NZPA, NZ Herald, 21 February 2011

Struggling book industry only has itself to blame’, by Darren Osborne, The Drum, ABC, 21 February 2011

$830 hr to save bookshops’, by Isaac Davison, NZ Herald, 22 February 2011

Business as usual at Borders Singapore’, by AsiaOne, 22 February 2011

REDgroup executives resigned after loss’, by Tamsyn Parker & John Drinnan, NZ Herald, 22 February 2011

New chapter for book store’, by Sally Foy, Batemans Bay Post, 23 February 2011

Business as usual for local book store’, by Great Lakes Advocate, 23 February 2011

A&R voucher fight gets aggressive’, by Mark Bode, Sunshine Coast Daily, 23 February 2011

Angus & Robertson still trading’, by Jaime Newborn, Daily Mercury, 23 February 2011

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The week that was: Friday round-up

The longlist of that iconic award, the Miles Franklin was announced this week, with the ratio of male to female authors—that’d be nine men versus three women—troubling some (especially following the recent Australia Post author stamps controversy). The fact that a woman won this year’s regional Commonwealth Writers Prize, the announcement of this year’s Orange Prize longlist and the presentation of the Barbara Jefferis award for ‘the best novel written by an Australian author that depicts women and girls in a positive way or otherwise empowers the status of women and girls in society’ made up some ground. (Though this might have tipped things back again.)

There was controversy in the form of a book-related defamation case and a footballer’s memoir, a new batch of Popular Penguins were unveiled and the poms admitted we are better at cricket than they are (on the book front anyway).

The 7.30 Report took a look at ebooks (the mainstream media also having just got wind of the fact that Borders and Angus & Robertson will soon be selling them).

Oh, and an author is in the running for this year’s Cleo Bachelor of the Year ….