Hopes of an Australian buyer for failed retailer Booktopia | The Business | ABC News

Booktopia collapsed with unfulfilled orders, worth about $12 million. Its administors say customers shouldn't expect refunds or the return of about $3 million worth of outstanding gift cards.
It is also understood publishers, that sold novels to the online retailer, are owed significant sums.
The online book retailer was being celebrated as a local rival to the American giant, Amazon. It expanded rapidly but by the end of 2023, Booktopia was haemorrhaging millions of dollars.
The publicly listed company's demise also highlights pressures on the entire book supply chain, impacting publishers through to bookstores.
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