D&M Publishers Enters Protection

Sad news from Vancouver, Canada, yesterday. D&M, one of the country’s most respected publishers, has filed for creditor protection. From Quill & Quire:

The Vancouver-based firm announced late Monday that it has filed a notice of intention under the Bankruptcy and Insolvency Act. According to a statement, the company intends “to carry on its operations during this restructuring process” and has enlisted Bowra Group “to locate an investor or purchaser for its assets.”s filed for bankruptcy protection.

The move will directly impact both the Douglas & McIntyre and Greystone Books imprints, but not subsidiary New Society Publishers, which is a distinct legal entity.

The Globe and Mail covers the announcement here, while Quill & Quire adds their voice here.