Worldview, once one of Germany’s largest book retailer is closure To August 31. The The remaining 14 stationary stores and Weltbild’s online shop are affected; 440 employees will be laid off.
owner WBD2C Group, itself a subsidiary of Düsseldorf Private equity investor Droege Group, called In Insolvency administrator Christian Plail Beginning of Junee) However while Plail spoken with several possible Seditor, no one was willing to loss-making Pursue.
This is because from The very high Operating costs in a persistent difficult market, said Plail: “Without fresh capital, a permanent and sustainable continuation of the business is not possible.”
Worldview has already survived a similar situation in 2014, when the Catholic Church (the then owner) could not find a buyer and Insolvency filed. At that time, Droege and initiated a strict restructuring process.
In addition to worldviewexploding costs and the unstable market – together with lower advertising revenues and fewer subscribers –HaI This week, another victim was killed in the German market: Bok commercial paper BookMarket closes on 31 December after 59 years. Only two years ago the magazine was sold to eBooka cooperative of more than 800 independent booksellers to secure their future.
Over the last 12 years, Weltbild has been one of the most important players on the German market with 1.6 billion euros in sales, 6,400 employees and 300 branches in The Main shopping streets and shopping centres selling books and a wide range of non-book items.
