Book People, an online and pop-up bookseller in the UK, has gone into administration (the UK equivalent of bankruptcy protection) with administrator PricewaterhouseCoopers searching for a buyer. Sky News said the firm “had been overseeing an auction of The Book People in recent weeks” — clearly not successful yet, though private equity owners Endless say that a number of “credible” parties expressed interest. None of the company’s 400 employees (the oversized holiday staffing level) are expected to be laid off immediately, but “the longer-term prospects for the business, staff, customers and suppliers will clearly be dependent upon whether a sale can […]
