post in : Comics , Current News| Tagged : diamond , Diamond UK
Diamond Comic Distributors declare bankruptcy , states that Diamond UK and Alliance Games may be buy by Canadian distributor Universal .
Article Summary
Chuck Parker , President of Diamond Comic Distributors , has written to comical Holy Writ stores and publishers with the news that Diamond Comic Distributors has hold Chapter 11 Bankruptcy . And that Diamond UK , as well as baby party and games distributor Alliance Games Distribution , have a commitment to be bought by Canadian comics distributor Universal Distribution . This comes after many major publishers left US dispersion with Diamond , including Marvel , DC , Image , IDW , Dark Horse and most late Boom Studios . The varsity letter run as follows :
" Dear Valued Customer , I ’m write to share one of the most thought-provoking message of my life history . Earlier today , Diamond made the hard but necessary decision to file for Chapter 11 failure . This step is intended to stabilize our financial foot and protect the most vital expression of our business sector . This determination was not made lightly , and I understand that this news may be as difficult to hear as it is for me to deal . The Diamond leadership team and I have form tirelessly to head off this outcome but the financial challenges we face have left us with no other viable option . Chapter 11 will provide us with the opportunity to reconstitute and address our financial obligations . This appendage will likely include the sale of key assets of Diamond Comic Distributors . We have already encounter a consignment from Universal Distribution to buy Alliance Game Distributors coupled with a signed letter of the alphabet of Intent to buy Diamond UK , and we stay committed to pursuing offers for all Diamond lines of business . What does this mean for you ? I want to reassure you that , with guarantee financing in place to support our operations , Diamond Comic Distributors is attached to continuing business as common throughout this process . Our plan is to continue satisfy lodge in a all over and seasonable way and we are work hard to minimize any disruptions to your orders . We will be as sheer as potential during this process and will keep you informed of important development . If you have any doubt , please reference the Retailer FAQs below , also uncommitted on our Retailer FAQs page on the Retailer Services Website . With further question , as always , you could resign a ticket via our on-line Retailer Support Center or contact us at customersupport@diamondcomics.com . give thanks you for your support . We are committed to your business and ensuring that your demand are met as we navigate this process . "
This is fall out by the follow FAQ for retailers …
More on Diamond UK here …
love this ? Please share on societal medium !
