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The Australian Booksellers Association (ABA) is to ask the Australian Competition and Consumer Commission (ACCC) to investigate after Pearson reached a deal to acquire the REDgroup online businesses.
Pearson said yesterday (4th July) it had liaised with REDgroup administrators Ferrier Hodgson to acquire the failed book chain's Borders and Angus & Robertson websites from 28th July, including their online and app-based bookstores.
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Angus & Robertson has announced 42 store closures across Australia and has sacked more than 500 staff.
The announcement was made on administrator Ferrier Hodgson’s website as the company continues to negotiate to sell 19 bookstores.
The chain, owned by REDgroup, will lose 116 full-time staff, 47 part-time staff and 266 casual staff, plus 90 from the REDgroup headquarters and warehouse, the Sun Herald reports.
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Australian bookshop chains Borders and Angus & Robertson may have to close if buyers cannot be found, administrators have revealed.
According to a statement from Ferrier and Hodgson, the firm is "urgently seeking offers from potential buyers of all or part of the Angus & Robertson or Borders networks", the Sydney Morning Herald reports.
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