The UK’s second-largest book wholesaler Bertram’s is reportedly about to appoint bankruptcy administrators, the Sunday Times reported. That puts in jeopardy about 400 jobs, and considerable sums owed to publishers — despite Bertram’s being owned by investment group Aurelius. The owners have already cashed in some of Bertram’s liquid assets, announcing the sale of online bookstore Wordery to Elliott Advisors on Friday. (Elliott says they will run the company separately from Waterstones and Barnes & Noble.) In early April, they sold two other subsidiaries: Dutch antiquarian bookseller Erasmus and academic book and journal supplier Houtschild International were sold to Casalini […]
