Book wholesaler Betrams has been sold to Smiths News for £8.6m, the Bookseller reported Friday, four months after its parent Woolworths went into administration. Smiths News, formerly part of WH Smith, has said that it “anticipates that working capital of about £7m will be injected over the period to August 31 into Bertrams” in order to increase stock availability and thereby customer service. “Publishers are delighted that Smiths News has acquired Bertrams and that they have a firm commitment to the future development of the company,” said PA president Ian Hudson. Smiths News has agreed that publisher’s debts will be […]
