Booktopia collapsed with unfulfilled orders, worth about $12 million. Its administrators say customers shouldn't expect refunds or the return of about $3 million worth of outstanding gift cards. The publicly listed company's demise also highlights pressures on the entire book supply chain, impacting publishers through to bookstores. Choose your news on the ABC NEWS app and stay in the know: https://ab.co/abcnewsapp | ABC News
3:57
Booktopia collapsed with unfulfilled orders, worth about $12 million. Its administrators say customers shouldn't expect refunds or the return of about $3 million worth of outstanding gift cards. The publicly listed company's demise also highlights pressures on the entire book supply chain, impacting publishers through to bookstores. Choose your news on the ABC NEWS app and stay in the know: https://ab.co/abcnewsapp | ABC News
13.1K viewsJul 9, 2024
FacebookABC News
Australian online book retailer Booktopia went under with about $60 million in debt. The majority of that is owed to banks, the tax office and publishers, but around $15 million is owed to customers, who are last in line in getting any money back. Unsecured creditors, like publishers, as well as customers are now in limbo over whether they'll get their books - or any money back. When news is breaking, stay in the know. Download the ABC NEWS app: https://ab.co/abcnewsapp | ABC News
3:49
Australian online book retailer Booktopia went under with about $60 million in debt. The majority of that is owed to banks, the tax office and publishers, but around $15 million is owed to customers, who are last in line in getting any money back. Unsecured creditors, like publishers, as well as customers are now in limbo over whether they'll get their books - or any money back. When news is breaking, stay in the know. Download the ABC NEWS app: https://ab.co/abcnewsapp | ABC News
20.5K viewsJul 16, 2024
FacebookABC News
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