Business

The E book Other folks: 155 jobs misplaced at suffering industry

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The company offered books, items, toys and stationery on-line and by way of a listing

Greater than 150 jobs were misplaced at on-line ebook store The E book Other folks after it went into management in December.

Directors PricewaterhouseCoopers (PwC) had been appointed on 16 December, however a brand new purchaser has now not been discovered and 155 other people were made redundant.

The corporate will proceed to business on-line and PwC stated it intends to fulfil and ship all orders.

The company has workplaces in Bangor, Gwynedd, and Godalming, Surrey.

The industry was once based in Godalming in 1998 and hired 393 other people on the time it was once positioned in management.

Directors stated 82 of the 142 personnel on the Bangor place of job were made redundant.

The company offered books, items, toys and stationery on-line and by way of a listing, steadily at discounted costs. It had an annual turnover of £50m and sells greater than 17 million youngsters’s books a 12 months.

The corporate, probably the most UK’s biggest impartial ebook shops, was once got as a part of a rescue deal in 2014 by way of personal fairness crew Unending.

Toby Underwood, from PwC, stated: “This can be a difficult time for everyone related to the much-loved ebook logo. Regardless of highest efforts in exploring a sale of the industry, it has now not been imaginable to take action. It’s subsequently with feel sorry about that we have got needed to make quite a lot of redundancies as of late.”

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