Christian Bookshops’ Future Secured | 28th Mar 2010
March 27, 2010 by admin
Filed under Prayer Bulletin
For months it seemed likely that one of the major distributors/retailers of Christian books, music and resources in the UK would fall foul of the recession.
Keith Danby, IBS-STL Chief Executive said, “I am delighted with the developments. I could not have imagined five weeks ago such a positive outcome. All along we have had three goals in mind: the continuity of the distribution of Christian resources, safeguarding jobs, and finding purchasers who would invest in the businesses and take them to a new level.”
Authentic Media has been bought out by the Eastbourne-based media group Kingsway, while Australian Christian company Koorong has taken over Authentic Book Publishing and eight Wesley Owen branches. Scottish book distributor John Ritchie Ltd, a subsidiary of The Lord’s Work Trust, has purchased STL Distribution and its Carlisle properties. A further six Wesley Owen stores are being acquired by Christian Literature Crusade, while discussions are ongoing to save the remaining 26 branches through local groups.
Source: Christian Today
BIBLE STUDY: Hebrews 10:22-24
Praise: God for this outcome. Pray that the new owners will have God’s vision for the future.
http://revivalmedia.org/2010/03/27/christian-bookshops’-future-secured-28th-mar-2010
Christian Bookshops’ Future Secured | 28th Feb 2010
February 28, 2010 by admin
Filed under Prayer Bulletin
For months it seemed likely that one of the major distributors/retailers of Christian books, music and resources in the UK would fall foul of the recession.
Keith Danby, IBS-STL Chief Executive said, “I am delighted with the developments. I could not have imagined five weeks ago such a positive outcome. All along we have had three goals in mind: the continuity of the distribution of Christian resources, safeguarding jobs, and finding purchasers who would invest in the businesses and take them to a new level.”
Authentic Media has been bought out by the Eastbourne-based media group Kingsway, while Australian Christian company Koorong has taken over Authentic Book Publishing and eight Wesley Owen branches. Scottish book distributor John Ritchie Ltd, a subsidiary of The Lord’s Work Trust, has purchased STL Distribution and its Carlisle properties. A further six Wesley Owen stores are being acquired by Christian Literature Crusade, while discussions are ongoing to save the remaining 26 branches through local groups.
Source: Christian Today
BIBLE STUDY: Hebrews 10:22-24
Praise: God for this outcome. Pray that the new owners will have God’s vision for the future.
