Literati, the Austin, Tex., subscription book box and online book club company, has purchased Follett Book Fairs. The fairs will be rebranded Literati Book Fairs and will continue to service PreK-8 schools around the country.
The fairs first launched in 2017 with 180 fairs and then quickly expanded. For its most recent year of operations, the 2019-2020 school year, Follett had some 5,700 fairs booked. But by the end of March 2020, 2,000 of those fairs had canceled because of the spread of Covid-19. Last September, Follett announced it was closing the business because it couldn’t sustain the losses caused by the pandemic and would not hold any fairs after November 15, 2021. Overall, Follett Book Fairs hosted 7,500 events.