Tagged with Credit Crunch

And so it ends: STL UK puts up ‘For Sale’ sign

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

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

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