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.

digiDirect was founded in Australia by Shant Kradjian in 2006 and has eight retail stores nationwide. It focuses on speciality camera equipment. Kradjian faces a tough road ahead in revitalising the book business, which has suffered massive losses in recent years. In speaking with ArtsHub, many other Australian book retailers said Booktopia’s previous reputation among customers and the industry was abysmal.

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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.