In a new trade update issued yesterday afternoon, Keith Danby has announced that STL UK’s “preferred bidders” have now been selected. The final outcome remains uncertain “until the due diligence process is concluded” but they
remain confident that one or more transactions will be concluded for various aspects of the business, thus ensuring a seamless continuation of supply to our many valued customers.
The sale or sales are expected to be concluded by the week commencing 14th December and a further announcement will be made “when the sale process comes to a conclusion.”
The announcement makes no specific mention of the future of the Wesley Owen bookshops or Authentic Media/Paternoster Publishing, but Danby concludes, “we are hopeful that the majority of the business will remain for the longer term.”