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.”
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Gaspereau Press has licensed the Canadian trade paperback rights for Johanna Skribsrud‘s 2010 Scotiabank Giller Prize-winning novel The Sentimentalists to Douglas & McIntyre. The deal will help meet the prize-winning demand for the book.

Last week Gaspereau Press said they would continue their practice of hand-printing 1,000 books per week, creating a fraction of the books needed. The new partnership with Douglas & McIntyre allows them to meet that demand.

The publisher explained in a blog post: “The first 30,000 copies … will be shipped from the bindery on November 19, less than 10 days after the Giller was awarded. Paper is on hand for an immediate reprint of 20,000 copies. The e-book is already a bestseller on Kobo and Douglas & McIntyre will make it available through other e-book retailers, including the Apple iBookstore, Amazon Kindle, Sony eBook store, eBooks.com and Barnes & Noble’s Nook Store.” (Via Sarah Weinman)