Kiwi online retailer Etailer buys Books & Gifts Direct from Britain's Quarto Group

Sun, 09 Jul 2017

By Paul McBeth July 10 (BusinessDesk) - Ten-year-old online Kiwi retailer Etailer, which runs the offtheback.co.nz daily deals website, has bought Books & Gifts Direct from London-listed Quarto Group for $800,000 plus a share of future profits. The London-based book publisher exited its last non-publishing business with the sale of Books & Gifts, which had gross assets of $2.4 million as at Dec. 31 and generated an expected trading loss for Quarto of $700,000 in the current financial year, it said in a statement to the London Stock Excha...

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