Thalia Acquires Online Book Retailer buecher.de from Insolvent Weltbild Group

Germany's largest bookseller Thalia secures acquisition of buecher.de, preserving jobs and brand amid Weltbild's financial troubles.

Thalia, Germany's leading book retailer, has acquired the online bookseller buecher.de from the insolvent Weltbild Group.
The acquisition was approved by the German Federal Cartel Office, ensuring no significant impact on market competition.
All 34 employees of buecher.de in Augsburg will retain their jobs under the same conditions, and the brand will continue to operate.
The purchase price remains undisclosed, but proceeds will contribute to Weltbild's insolvency proceedings to satisfy creditors.
Thalia's CEO highlights the strategic value of buecher.de, emphasizing its loyal customer base and brand strength.