Móra and Líra to take over 24 Alexandra bookstores
pixabay
Janikovszky és Kolosi, a joint venture established by the owners of publishers Móra and bookstore chain Líra, will take over 24 bookstores across the country from troubled bookseller Alexandra by the end of April, Líra Könyv told MTI today.
The new bookstores, twenty of which have already been opened, will operate under the name Líra-Móra.
Janikovszky és Kolosi on Tuesday signed the contracts to rent the shops, and Líra Könyv as wholesaler made an offer to the publishers that were earlier partners of Alexandra to take over their stocks.
At the same time, Líra Könyv is also expanding its own trade and franchise network. In addition to opening two bookstores in the spring, one in Mohács in southern Hungary and another in Tököl, southwest of the capital, the company opened its Magvető Café in the center of Budapest on Tuesday, primarily offering books from publisher Magvető.
By the end of April, Líra will operate 92 bookstores, the biggest network in the country.
Public records show Líra Könyv posted net profits of HUF 167 million on revenues of HUF 5.89 billion in 2015.
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Hungary to Address Future of Cohesion Policy During EU Presi...
AI may Save Hungarian Healthcare, Says Leading Doctor
Time Out Market to Open in Budapest Next Year
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
