Business As Usual For Local Book Store

Great Lakes Advocate:

Forster Angus and Robertson franchisees have escaped the financial ruin of the 125-year-old chain after it was put into voluntary administration last week.

Forster franchisee John Loadsman said the store is independent of the company outside of using its name and continues to trade.

“The message I think a lot of people want to hear is that their local franchise is doing ok,” Mr Loadsman said on Friday.

“There are issues with company owned stores but for us it’s business as usual.”

The receivership of Borders and Angus and Robertson puts in doubt more than 2500 jobs in Australia and New Zealand.

Pricing pressure from internet sites, large staffing numbers and massive overheads forced the hand of the chain’s owners REDgroup, which is believed to owe $46 million.

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