The Book People has called in administrators for the second time in a bid to secure its future.
The online book retailer, owned by private equity firm Endless, has asked PwC to oversee an insolvency process.
Several “credible” parties have shown an interest in the struggling retailer, a source told Sky News.
The Surrey-based retailer employs up to 400 people during its busiest periods however no redundancies will be made while the administration process is underway.
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