Magazines

Administrators have brought in £7.45m from selling off Polestar’s businesses and assets so far, but unsecured trade creditors are likely to receive virtually nothing.

Publisher Time Inc (UK) has helped to bankroll Walstead’s acquisition of Polestar Bicester’s assets, PrintWeek can reveal.

James Povey, Polestar’s former marketing director for UK Print, has joined YM Group.

More than 150 jobs have been saved following a management buyout of the Polestar Stones and Wheatons sites.

Publishing giant Time Inc has agreed a new sole supplier deal for its UK magazines with Wyndeham Group.

Wyndeham Group owner Walstead has rescued Polestar’s Bicester operation with a deal to buy the equipment at the site and re-employ more than 300 staff.

Web-to-print giant Cimpress is set to take “up to” 20 Landa Nanography presses, and Landa has also announced the identity of its first three beta customers.

Workers at Polestar Chantry have agreed to new terms and conditions that could pave the way for new ownership and save more than 150 jobs at the site – and the potential purchaser is also interested...

Walstead has secured £33m of private equity backing for its acquisition of Leykam Let’s Print.

A major publishing client of Polestar Sheffield has been told by administrators that the plant will continue printing this weekend and next.

CirclePrinters has filled the sales void caused by the death of Angus Jurkschat by recruiting a senior salesperson from Polestar.

Speculation is mounting over the future ownership of Polestar’s up-for-sale operations, with a new name now in the frame as a potential buyer.