Beedle escapes EUK block, Deloitte comments on sale

Nicholas Clee
News - Bookselling 04 Dec 2008

Tesco, Sainsbury's and other supermarkets supplied by EUK are today selling J K Rowling's The Tales of Beedle the Bard (Bloomsbury), having received the books in a one-off arrangement with the wholesaler. EUK, a Woolworths subsidiary, remains in administration, and is not supplying other books or entertainment products. This morning (4 December), administrator Deloitte issued an update. Dan Butters, Reorganisation Services Partner at Deloitte, said: We have held face to face meetings with the majority of customers and are engaged in constructive talks with both suppliers and customers to make arrangements to resume business. 'A number of parties' had shown interest in Woolworths plc and in EUK.

Meanwhile, the book industry awaits news of the . One worry is that the purchaser might not take on the wholesaler's debts, leaving publishers with losses and with, once again, the task of establishing retention of title. However, a purchaser is likely to want to continue with the current, respected Bertrams management team, and would be advised not to saddle that team with the task of re-establishing relationships with suppliers with whom there are bad debts.

The Deloitte statement said: 'The Joint Administrators confirmed that Bertrams Books, a fully owned subsidiary of EUK, and 2Entertain, a joint venture between EUK and BBC Worldwide, are not in administration and continue to trade as usual.'

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