A new chapter for The Book People
Endless LLP is pleased to announce that it has backed Seni Glaister in her management buy-out of The Book People from its previous owner Ted Smart.
Based in Godalming in Surrey, The Book People was founded in 1988 and has consistently evolved and found new and interesting routes to market to develop its great passion for bookselling and its customers.
With a turnover of £96 million, The Book People has built a reputation as one of the nation’s favorite booksellers. It offers its customers a carefully curated range of titles at fantastic prices delivering up to 82% discount of RRP.
Following the buy-out the business will continue to grow its enviable reputation in the market, promote reading for all ages and provide the best service to its customers through a variety of innovative channels. The Book People now has a thriving Online business www.thebookpeople.co.uk based out of a National Distribution Centre in Bangor.
Seni Glaister, CEO of The Book People commented, “I'm thrilled that Ted has given me and the team this opportunity to take The Book People forward and I'm delighted to be working with Endless, who share my enthusiasm for the future of bookselling. I don't think there has ever been a more exciting time to be in this business and I am very much looking forward to the next chapter."
Simon Mason who led the deal for Endless said, “We have been tracking The Book People’s progress for some time and when we became aware that there was an opportunity to back Seni and take the business to the next level we jumped at the chance. The Book People is a unique business with a lot of potential which has excellent relationships within the publishing community. Endless is delighted to support Seni and her management team to fully realise the opportunities within this market.”