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August 19, 2024By Michael Cader

German Bookseller Weltbild Will Close

August 19, 2024By Michael Cader

With no buyer to be found, German bookseller Weltbild will close its 14 remaining stores by the end of August and liquidate. Most of the approximately 440 employees will lose their jobs. But Augsburger Allgemeine reports that the country’s leading bookseller Thalia is interested in acquiring assets from the bankruptcy estate — including inventory, trademark rights and the Tolino ereader and ebook business. Thalia has submitted an application to the Federal Cartel Office regarding its purchase interest.

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Filed Under: Bookstores, Finance, International News

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