Franchisee-owned Collins Booksellers has acquired a group of Angus & Robertson franchises and flagged more purchases and store openings in the coming months. The number of former A&R franchisees acquired is unknown but it is believed to be in double digits, with undisclosed prices for the stores.
Collins managing director Daniel Jordon says an initial group of stores will immediately move across to the company and Collins is continuing discussions with independent stores and administrators about further acquisitions.
Jordon says the company will be unveiling an eBook offering online and via its stores, and that the purchased A&R stores are across Australia. ‘The buy reflects the network spread of the A&R network,’ Jordon says, with predominantly company-owned stores found in the metropolitan areas.
Jordon expects the Collins market share to jump to 12% from about 5%, making Collins the largest network of franchise-owned stores in the book sector.
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