A FAILED Sussex book chain has been bought out by one of its high street rivals – and hundreds of jobs have been saved as a result.
WH Smith has acquired a total of 22 British bookshops and Sussex Stationers stores for £1.05million.
The new owners will start a takeover programme on February 22 and the stores will continue to trade under their own name for the time being. The move will preserve the jobs of around 200 workers across Sussex.
British Bookshops and Sussex Stationers, with outlets across the South East, was put into the hands of recovery specialists Zolfo Cooper last month, following cashflow problems and disappointing Christmas trading.
Among the branches saved from the axe are Lewes, Uckfield, Seaford, Hailsham and Crowborough.