Another twist in the post-STL tale as TMD enters private ownership

Trust Media Distribution - The new name for STL Distribution

Trust Media Distribution - The new name for STL Distribution

IN A TRADE ANNOUNCEMENT issued late yesterday afternoon – just after 5pm – Trust Media Distribution (previously trading as STL Distribution), Carlisle, announced the sale and privatisation of the company to its CEO, Ken Munro.

The change follows an extensive period of restructuring and consolidation within the company as it has sought to realign itself with the changing realities of Christian retailing in the UK, during the course of which it has reduced staffing levels whilst expanding its reach into the secular marketplace with an increased focus on gift product and, most recently, reduced its range of Christian publishers bringing its role as a Christian wholesaler to an end.

Exactly what the change of ownership might imply for Christian retailers remains to be seen, but the evidence of the facebook conversations thus far indicates a distinct sense of uncertainty and disorientation within the trade…

Update, 11/1/2011
Pete Barnsley responds: Business as usual at TMD

Join the facebook conversations…

TMD Links

Advertisements

7 thoughts on “Another twist in the post-STL tale as TMD enters private ownership

    • Until the sale, both John Richie and Trust Media Distribution (The new name for STL Distribution) were owned by the Lords Work Trust, a charity in Kilmarnock.

      Recently, TMD has been spun off into a separate entity (which it still was, to all intents and purposed) under the ownership and direction of Ken Munro, who was acting as CEO of TMD for the Lords Work Trust.

      John Ritchie Ltd. is a trading name for the customer-facing business activities of LWT, so in a sense, TMD was part of John Richie group, but LWT was the “parent” charity for both, until TMD was recently privatised.

      Hope that makes sense.

  1. Purchasing any retail business in this economic climate is a brave move so congratulations to Ken Munro for purchasing TMD and having the desire to see it grow and become firmly established. I think that all our thanks should go the the LW Trust for rescuing the business a couple of years ago and keeping it going and I hope that this move will ensure consistent supply of the range that TMD carries.

  2. Pingback: Midweek News Roundup: Business as usual at TMD; Paul Owen appointed as Director Of Sales for Kingsway Distribution; and SU Bookshop Dublin reopened under new ownership « The Christian Bookshops Blog

  3. Pingback: From bad to worse in Carlisle as yet more staff face job losses at TMD « The Christian Bookshops Blog

  4. Pingback: Penfold Card and Gift survive TMD meltdown | The Christian Bookshops Blog

Comments are closed.