Germany’s Largest Book Wholesaler Goes Bankrupt; Germany’s Publishing Industry Freaks Out

“When German book wholesaler and distributor Koch, Neff and Volckmar (KNV) filed for bankruptcy in February, Europe’s largest book market was deeply shaken. Coming hot on the heels of a controversial merger between two leading book chains — Thalia and Mayersche — KNV’s plight added massively to the already fraught mood in the industry. If no buyer is found for the family-owned business, the implications could be severe … for the German book industry as a whole.” – Shelf Awareness