In a press release (full text below or pdf, 86kb) issued at lunchtime today, Biblica announced that they were finally pulling out of their UK operations and putting the division up for sale. In the press release, Keith Danby, Global CEO, is quoted saying, Given the severe financial and operational strains we have experienced, the … Continue reading
Tagged with Credit Crunch …
A Modest Proposal to Save STL UK
STL UK (aka Biblica UK) are in deep financial difficulties. Can they be saved? Phil Groom thinks so — if we act together… Continue reading
STL UK: Rumours and Counter-Rumours
… and so another trade missive emerges from STL UK in another attempt to lay to rest the rumours of… of what exactly? Whatever the rumours may be, I haven’t heard them. What I do know is that all too often I’m having to place orders elsewhere for items that I’d normally expect to be … Continue reading
IBS-STL UK: “a sustainable business ministry model going forward”
In a new trade missive released this afternoon, Tuesday 15th September, Keith Danby has sought to further clarify IBS-STL UK’s trading position, reassuring trade partners that “there is a sustainable business ministry model going forward”, reiterating the company’s ongoing commitment to the UK trade and thanking those who have supported the company through prayer: On the … Continue reading
IBS-STL UK – Danby Speaks: there is no immediate crisis within the Charity
Keith Danby, Global CEO of IBS-STL/Biblica speaks out to quell rumours that IBS-STL UK may be “going into ‘liquidation’ or ‘administration’”, reassuring the trade that “there is no immediate crisis” and reaffirming his “commitment to support the UK Christian trade”. Continue reading
Crunch Hits STL
Yesterday, 7th January 2009, STL announced a major top-level restructuring, placing the blame squarely upon “the global economic crisis”: Over the past twelve months this country has suffered the effects of the global economic crisis, from which the Christian sector is not immune. Due to the need to address the serious downturn in trading, both … Continue reading
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