Booktopia rescued: Australian book retailer rises from the dead

Booktopia has been purchased by successful Australian online entrepreneur Shant Kradjian.
Booktopia went into voluntary administration in 2024, but the company has now been rescued.

After entering voluntary administration in 2024, Booktopia was rescued from the brink of collapse. Late last year, the company announced it had been sold to electronics retailer digiDirect. Now the site is up and running again, and books are available for purchase.

One of the largest points of contention in Booktopia’s initial collapse was the purchase of a large-scale robotic warehouse. Kradjian sees the expensive investment as an asset for his business. The warehouse will now also be used for digiDirect’s stock.

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David Burton is a writer from Meanjin, Brisbane. David also works as a playwright, director and author. He is the playwright of over 30 professionally produced plays. He holds a Doctorate in the Creative Industries.