Recession and rising prices have left the book trade fighting for its life, with one publisher appealing to readers for help by buying books at Christmas
“These are dark days for the book in Brazil”, one of the country’s leading publishers has warned, after crises at the country’s two largest bookstore chains have left many worried that many towns may be left without a single bookstore.
After announcing the closure of 20 stores in October, book chain Saraiva announced in late November that it was filing for bankruptcy protection, citing a crisis in the publishing market that combined steady declines in the price of books with rising inflation. Rival chain Cultura has also filed a reorganisation plan to avoid bankruptcy this autumn. Brazil is in the middle of its worst recession in decades, with the October election of the far-right populist Jair Bolsonaro as the country’s next president sending ripples of fear through the country’s cultural community.
Continue reading...
0 comments:
Post a Comment