Canadian book publishing company D&M Publishers has filed for bankruptcy. The company said in a statement: “It is D&M’s intention to carry on its operations during this restructuring process.”
Earlier this year, the company restructured its management. In July, the company’s co-founder Scott McIntyre stepped down from his role as CEO, though he has stayed on as a board member. At that time, Rob Sanders, who founded and built D&M’s Greystone imprint, was promoted to SVP, new business development, international and publisher-at-large, and Jesse Finkelstein was promoted from director of operations and publishing services to chief operating officer.
The Globe and Mail has more: “The Vancouver-based publisher, which publishes under three separate imprints including Douglas & McIntyre, Greystone Books and New Society Publishers, says it will be working with financial advisory services company the Bowra Group to locate an investor or purchaser for its assets.”
According to the publisher’s website, “The company, originally called J.J. Douglas Ltd. and co-founded by Jim Douglas and Scott McIntyre, was established in 1970 and published its first title in the fall of 1971.”