Thread: Asia Books Sold For Us$39.8 Million

from the blogworld .................

ASIA BOOKS SOLD FOR US$39.8 MILLION
Thursday, July 21, 2011

Asia Books, Thailand's leading English language bookshop chain, has been purchased by Berli Jucker Public Company Limited (BJC) for 1.19 billion baht (US$39.8 million).

The company, which was established in 1969, has more than 70 outlets in Thailand under the Asia Books and Bookazine brands. It also acts as a distributor for local and international magazine and book publishers. It was previously owned by an equity fund and private investment company.

BJC is controlled by liquor tycoon Charoen Sirivadhanabhakdi who was ranked as Thailand's third richest person by Forbes magazine last year.

bangkokbugle.com

Brave gamble considering traditional bookshops are going down the toilet.

Link

Don't forget the publishing side - though I'm not sure what proportion that is of the Asia Books business.....