Newsflash from The Bookseller:

Irish book chain Hughes and Hughes goes into receivership

Irish bookseller Hughes and Hughes has gone into receivership blaming collapsing consumer demand, a drop in passenger numbers visiting its airport stores, and internet competition. It described receivership as "the only appropriate action left to the company".

Ulster Bank Ireland Limited appointed David Carson of Deloitte as receiver to the company today (26th February). According to reports all of the shops have been closed, with the likely loss of 225 jobs.