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22 October 2020

Bertrams strategic review and sale of Wordery

4 May 2020

Wholesale business Bertrams has sold its online bookshop Wordery to Elliott Advisors, which also owns Waterstones and Barnes & Noble. Wordery will be run as a separate business from Waterstones. See Ruth Comerford's article in The Bookseller 1 May 2020.

The Sunday Times of 3 May 2020 reported that Bertrams is to appoint an administrator but there has no been no confirmation from either Bertrams or its parent company Aurelius. See Philip Jones article in The Bookseller of 3 May 2020.

The latest update on the Bertrams website reads:

'Bertram Group undertakes a strategic review during the COVID19 pandemic

The sale of Wordery follows the sale of Bertram Group's European library businesses, Erasmus Antiquariaat en Boekhandel BV and Houtschild Internationale Boekhandel BV, to Italian Casalini Libri SPA, a strategic partner and family-owned business, at the end of March.

These successful disposals of the e-commerce and European library businesses have secured many jobs and, in both cases, complement their new owners' existing models, thereby securing the futures of both businesses. Wordery has performed well under Aurelius' ownership receiving prestigious awards continually for the last two years as the best online bookshop.

Separately, as a result of the economic uncertainty created by Brexit and more recently the Covid-19 pandemic, Bertram Group is reviewing its strategic options for the Bertram wholesale division, a significant supplier of books to the High Street, Education Umbrella, a key supplier of books to schools and Dawson Books a major partner of UK Universities and French libraries and Bertram Library Services, which serves public libraries across the UK.

There is no change to the announcement made at the beginning of April of these businesses which are in a furloughed state for the foreseeable future. We are abiding by the rigorous guidelines laid out by Public Health authorities.

We thank you for your patience and understanding in the most challenging trading period of Bertram Group's history.

Bertram Group
May 3rd 2020'