As long expected and feared, UK wholesaler Bertram’s has gone into bankruptcy administration and is well down the road of liquidating. The “majority” of its 459 employees have been fired effectively immediately “with a small number retained to manage the winding down of operations.” Some sales of the parts are in already in process, including dumping of any of the remaining inventory that they can, further hurting publishers who are owed money: “Sales have been agreed in principle with two unconnected parties for the tangible assets and unencumbered stock of Bertram Trading Limited and for the intangible assets of Education […]
