Bill Stevely (Chairman of the Kilmarnock based charity The Lords Work Trust (LWT), parent of John Ritchie Ltd) and Ken Munro (Chief Executive of John Ritchie Ltd) are pleased to announce the successful conclusion of recent discussions entered into with a view to the sale and privatisation of the wholesale activities of John Ritchie Ltd (currently trading as Trust Media Distribution).
Under the terms of this agreement (reached and in effect as of 31st December 2011) LWT will retain ownership of the John Ritchie Ltd name, with its associated publishing activities, the Kilmarnock shop trading under the John Ritchie Name and the retail, web and mail order business based at that location. Ken Munro will assume ownership of the wholesale division based at Carlisle, Penfold Card and Gift and all other Carlisle based activity. This business will continue to trade as Trust Media Distribution.
Commenting on the sale, Bill Stevely said, “After a period of significant restructuring and consolidation Trust Media is now positioned for success. The Trust whilst not retaining ownership of the wholesale business will still benefit from its ongoing success and importantly this transaction releases the business to pursue its new more focussed distribution strategy and build on its exciting recent entry into the secular card and gift market. In the current climate adding this breadth to the business is vital”.
Ken Munro commented, “This transaction facilitates the further strengthening and future security of Trust Media Distribution. Our focus as recently outlined on wholesaling our strong and broad range of US publishers, targeted UK publishers, Christian and secular card and gift and continued physical and digital distribution contracts will be the foundation of our future success. In addition, I want to underscore the commitment of the newly privatised Trust Media to the provision of excellent customer service and high levels of responsiveness. Our effectiveness in meeting customer need and moving swiftly to satisfy rapidly changing market demands will be the measure of our success.”
BUSINESS AS USUAL!
We are pleased to share this exciting news with you and are delighted that the change of ownership enables strong financial strength and ongoing investment for the future. It will also underpin our commitment to continued distribution and wholesale of Christian Books, Bibles and Resources to you. Our focus (and most significant part of our business) remains on developing our services to the Christian Trade with a comprehensive supply of a wide range of US publishers, a focused selection of UK publishers and industry leading Christian card & gift. Also to clarify, we will continue to be the exclusive wholesale partner for John Ritchie Ltd distributing all of their published content to the UK trade.
Under the terms of this agreement (reached and in effect as of 31st December 2011) LWT will retain ownership of the John Ritchie Ltd name, with its associated publishing activities, the Kilmarnock shop trading under the John Ritchie Name and the retail, web and mail order business based at that location. Ken Munro will assume ownership of the wholesale division based at Carlisle, Penfold Card and Gift and all other Carlisle based activity. This business will continue to trade as Trust Media Distribution.
Commenting on the sale, Bill Stevely said, “After a period of significant restructuring and consolidation Trust Media is now positioned for success. The Trust whilst not retaining ownership of the wholesale business will still benefit from its ongoing success and importantly this transaction releases the business to pursue its new more focussed distribution strategy and build on its exciting recent entry into the secular card and gift market. In the current climate adding this breadth to the business is vital”.
Ken Munro commented, “This transaction facilitates the further strengthening and future security of Trust Media Distribution. Our focus as recently outlined on wholesaling our strong and broad range of US publishers, targeted UK publishers, Christian and secular card and gift and continued physical and digital distribution contracts will be the foundation of our future success. In addition, I want to underscore the commitment of the newly privatised Trust Media to the provision of excellent customer service and high levels of responsiveness. Our effectiveness in meeting customer need and moving swiftly to satisfy rapidly changing market demands will be the measure of our success.”
BUSINESS AS USUAL!
We are pleased to share this exciting news with you and are delighted that the change of ownership enables strong financial strength and ongoing investment for the future. It will also underpin our commitment to continued distribution and wholesale of Christian Books, Bibles and Resources to you. Our focus (and most significant part of our business) remains on developing our services to the Christian Trade with a comprehensive supply of a wide range of US publishers, a focused selection of UK publishers and industry leading Christian card & gift. Also to clarify, we will continue to be the exclusive wholesale partner for John Ritchie Ltd distributing all of their published content to the UK trade.
Trust Media Distribution
Does this mean they will no longer be a Christian company? Are they acquiring the assets of the existing business (the building)? Does anyone else fine the font size barely readable?
ReplyDeleteDepends what you mean by a Christian company. If you mean a company that is led by a leader who lives by the values of the Kingdom and strives for these values in their business, I guess they are. Why have this sacred secular divide? I'm sure we have all know "christian" companies who didn't exactly live the values.
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