The Co-op was an academic and professional non-profit books retailer in Australia, founded in 1958 before closing in the first half of 2020.
[1][2] The Co-op was established by students led by the late Malcolm Broun, Celtophile, bibliophile and lawyer, in 1958 at the University of Sydney and grew to become the largest provider of educational, professional and lifelong learning resources in Australia.
The appointed administrators confirmed they are investigating payments made to a major supplier, controlled by Co-op chief executive Thorsten Wichtendahl, which received more than $500,000 in advance for goods not yet supplied.
[8] In 2004, two disenchanted Sydney University Students launched a campaign to elect themselves onto the board to argue for cheaper textbooks and reduced directors’ salaries.
To be elected to the board an individual had to: 1) "demonstrate participation in the management and direction of a medium to large size business of not less than five years in aggregate" and 2) "have graduated from a recognized University...or TAFE degree”.