Condé Nast Pulls Investment From FarFetch [caption id="attachment_161701" align="alignright" width="150"] José Neves[/caption] Condé Nast pulled its nearly $300 million investment in the London-based luxury fashion retail marketplace FarFetch, following concerns about the management of the platform. Founded in 2008 by Portuguese billionaire José Neves, who now serves as the company’s CEO and co-chairperson, FarFetch received an early investment of £234 million ($293 million) from Condé, and in 2017, entered into an affiliate link-based partnership with the publisher in return 6% of its shares. But the publishing house, according to The Times, was disconcerted by the amount FarFetch was spending on its marketing strategy and has since gotten rid of its stake in the company. FarFetch, which makes its money by serving as an intermediary between retailers and consumers, and taking a 25% commission from each sale—similar to Net-a-Porter’s business model—is apparently seeing mounting losses. According to its 2019 Q1 report, the company’s gross merchandise value increased by 44% YOY to $415 million and it saw revenue earnings of $146 million, but its losses after tax rose to $109 million from the $50.7 million loss it saw in the same period last year. Condé chairperson Jonathan Newhouse also stepped down from FarFetch’s board of directors in March. Industry Dive Takes on the Banking Industry On Monday, Industry Dive, the Washington, D.C.-based B2B publisher that covers... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2019-07-09 18:18:07 UTC ]
Time to take a peek at what’s been happening in Library Land. We have audiobook news, January book club picks, ... Continue reading at Book Riot
[ Book Riot | 2025-01-21 13:00:00 UTC ]
More news stories like this
The HarperCollins division is eliminating its Canary Street Press and Graydon House imprints and incorporating existing titles into Hanover Square Press, MIRA Books, and Park Row Books. Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-01-16 05:00:00 UTC ]
More news stories like this
The newly released 'Audiobooks and Public Libraries' report shows US libraries' community sizes playing a role in audio circulation. The post New Research on Audiobook Circulation in US Libraries appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2025-01-14 22:10:01 UTC ]
More news stories like this
In a new year's rollout of Dutch-market buys, HarperCollins Holland names four Gottmer imprints being acquired in the Netherlands. The post HarperCollins Holland: Acquiring Four Gottmer Imprints appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2025-01-08 04:40:03 UTC ]
More news stories like this
HarperCollins Holland has agreed to acquire four lifestyle imprints from Gottmer Uitgevers Groep, including Becht (cookbooks and eco-friendly lifestyle), Altamira (mind, body, and spirit), Dominicus (travel guides), and Hollandia (water sports). Continue reading at Publishers Weekly
[ Publishers Weekly | 2025-01-07 05:00:00 UTC ]
More news stories like this
The author will serve as editor-at-large of Monument Books, helping to find authors that champion ‘ideas, stories and culture, as well as uplifting or refashioning past legacies’Reni Eddo-Lodge, the author of the 2017 bestseller Why I’m No Longer Talking to White People About Race, has launched... Continue reading at The Guardian
[ The Guardian | 2024-12-16 17:04:41 UTC ]
More news stories like this
Each month, for your literary listening pleasure, our friends at AudioFile Magazine bring us the cream of the audiobook crop. Now, at 2024 draws to a close, they’ve rounded up the very best audiobooks of the year. Happy listening and happy holidays! * BEST FICTION AUDIOBOOKS FOR 2024 AudioFile’s... Continue reading at Literrary Hub
[ Literrary Hub | 2024-12-06 09:56:45 UTC ]
More news stories like this
HarperPop “will partner with high-profile brands and personalities to craft unique books for their fans and communities” under a new imprint to be overseen by executives from HarperCollins Children's Books and Morrow’s Dey Street Books imprint. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-12-04 05:00:00 UTC ]
More news stories like this
Spotify for Authors, an analytics and promotion platform for the company's audiobook division, will offer demographic data about listeners, author profile pages, and redemption codes for reviewers, among other features. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-11-26 05:00:00 UTC ]
More news stories like this
A leader in lifestyle and guidebook publishing in Germany, Hamburg's Gräfe und Unzer is being acquired by Verlagsgruppe HarperCollins. The post Verlagsgruppe HarperCollins To Acquire Gräfe und Unzer appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-11-26 02:39:03 UTC ]
More news stories like this
Bloomsbury Opens an Audiobook Distribution Agreement With Spotify The post Bloomsbury Opens an Audiobook Distribution Agreement With Spotify appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-11-22 22:27:19 UTC ]
More news stories like this
Activist investor Starboard Value had challenged ownership structure, as Murdoch family controls 41% of company votesLachlan Murdoch faced down a shareholder vote on Wednesday aimed at weakening the Murdoch family’s control over their media empire.The activist investor Starboard Value had... Continue reading at The Guardian
[ The Guardian | 2024-11-20 18:57:31 UTC ]
More news stories like this
Amazon moves to shore up Audible against Spotify's audiobook success, plus a power ranking of the books of 1994, and more. Continue reading at Book Riot
[ Book Riot | 2024-11-20 16:00:00 UTC ]
More news stories like this
Some nonfiction backlist titles will be used to train artificial intelligence with authors’ permissionPublisher HarperCollins will allow some of its titles to be used to train AI models, with the permission of authors.The company “has reached an agreement with an artificial intelligence... Continue reading at The Guardian
[ The Guardian | 2024-11-19 16:24:59 UTC ]
More news stories like this
HarperCollins has become the first Big Five publisher to strike an AI licensing deal, which authors and agents appear to be approaching with caution, skepticism, and a measure of hope. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-11-19 05:00:00 UTC ]
More news stories like this