But the next meeting isn't until September, and Redgroup is either going to be recovered or dead by then.
I wrote last time that Redgroup had been put up for sale, and the administrators have reported that there have been a few inquiries. It's still early, so there haven't been any firm offers yet.
It turns out that RedGroup had been trying to sell their New Zealand subsidiary Whitcoulls for nearly a year now. It seems no one wanted it. That's probably neither good nor bad; RedGroup might have been asking for too much money. On the other hand, several likely buyers have looked and decided against buying Whitcoulls, which could mean disaster for the 65 store chain.
And I have not heard anything yet on who will buy RedGroup's stake in Kobo, which at this point is probably worth more than they paid for it.
via Bookseller & Publisher