Tag Archives: the Bookseller

From Bankruptcy to Liquidation?

A report in today’s Bookseller, St Stephen the Great liquidates in US, states:

Christian charity and bookseller St Stephen the Great has filed for Chapter 7 bankruptcy in the US, a form of liquidation. There will be a meeting for creditors at Houston Bankruptcy Court on 22nd July.

Exactly what this implies about the status of SSG here in the UK remains unclear. The report cites an unnamed Usdaw spokesperson:

Our legal team has been in contact with the Brewers. They are continuing to look into the legality of the bankruptcy and what we can do for our members.

The Brewers themselves, unsurprisingly, have declined to comment…

“SSG tribunal claims mount”

That’s the headline article on page 6 of today’s Bookseller, available in full online here.

The article gives a brief overview of the current situation and notes that, according to Usdaw’s Cherry Hamilton, more claims are “definitely on the way”.

The Brewers have declined to respond to repeated requests for comment from The Bookseller. Usdaw said that they also have not responded to the tribunal claims. “If a claim is undefended then the claimants automatically win so we could get a default judgment very quickly, ” said Hamilton.

Usdaw provide a snapshot of which shops are open:

Birmingham, Bristol, Cambridge, Canterbury, Carlisle, Cardiff, Lincoln, London and Norwich are closed

Chester and Newcastle are closed but may open two days a week

Chichester, Durham, Hereford, Leicester (which is a franchise store), Truro and Winchester are open

Exeter and York will open two days a week

At Salisbury, all the store’s staff walked out this month, but future opening plans are unknown

At Sheffield, all staff members were dismissed in February, after which the store was reopened by agency staff. The shop apparently “looks empty” now but future plans are unknown

Worcester may open two days per week