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News

Primary Backs Bookstores Buy-out

July, 2003

 

Remainders Ltd, the UK's largest discount book retailer, which trades as The Works, Banana Bookshop and the Book Depot has undergone a Management Buy-Out backed by Primary for an undisclosed sum.

 

The 'Works' name is used for the majority of High Street locations with 'Book Depot' and 'Banana Bookshop' used in factory outlets. The Works is Britain's leading discount book retailer offering a wide range of high quality products at low prices. Remainders has diversified its product portfolio to include a wide range of non-book products such as artist materials, gift wrap and greetings cards. This diversification has been a major success for Remainders enabling the development of niche markets and higher margin product lines. Remainders has also expanded its book range away from remainder stock. They also sell certain promotional titles some of which are printed exclusively for them and some recently published books. It has also enabled Remainders to develop its own brands.

 

Contact Jackie Adams for more information

Tel: +44(0) 20 7920 4800

Email: jackie@primaryeurope.com

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