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 ]
A bunch of new tech sales cropped up at the start of the week for things like robot vacuums, game controllers and more, and many of them are still around today. A trio of iRobot devices remain discounted, with the most affordable of the bunch coming in at $179. Some of Amazon's Fire tablets are... Continue reading at Engadget
[ Engadget | 2022-01-21 16:45:26 UTC ]
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Interviews Weina Dai Randel burst onto the literary scene a number of years ago with her duology about Empress Wu Zetian, China’s first woman leader. After winning the prestigious Rita Award in 2017 and seeing her novels translated into seven... Continue reading at World Literature Today
[ World Literature Today | 2022-01-20 14:33:49 UTC ]
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Today’s edition of SFF Daily Deals is sponsored by the audiobook Cold the Night, Fast the Wolves.`the audiobook Cold the Night, Fast the... Continue reading at Book Riot
[ Book Riot | 2022-01-17 14:13:35 UTC ]
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A narrator can make or break the listening experience. Over several related novels, they can become friend (or foe). Continue reading at The Washington Post
[ The Washington Post | 2022-01-16 13:00:49 UTC ]
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This week brought deals on Apple devices, gaming gear and more. The Mac Mini M1 remains on sale for $600 while the 3rd-generation AirPods are back down to a record low of $140. Nintendo's Ring Fit Adventure is back in stock and $25 off, while you can still get a one-year Switch Online family... Continue reading at Engadget
[ Engadget | 2022-01-14 16:45:01 UTC ]
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The new lifestyle imprint formed by HarperCollins following its acquisition of the trade division of Houghton Mifflin Harcourt will be called Harvest. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-01-14 05:00:00 UTC ]
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If you’re looking for a great LGBTQIA+ audiobook to listen to in the first half of 2022, here are 12 recommendations. Continue reading at Book Riot
[ Book Riot | 2022-01-13 11:38:00 UTC ]
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Manchester University Press (MUP) has launched an audiobook pilot programme, following claims students with 'screen fatigue' are increasingly turning to the format. Continue reading at The Bookseller
[ The Bookseller | 2022-01-13 00:08:43 UTC ]
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When I reviewed Jabari Asim’s first short story collection, A Taste of Honey (2010), I knew him to be a prominent essayist and cultural critic, author of What Obama Means and The N Word, former Washington Post deputy books editor and editor in chief of the iconic The Crisis, the journal of the... Continue reading at Literrary Hub
[ Literrary Hub | 2022-01-12 09:49:19 UTC ]
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Your first audiobook of the year sets the tone for the rest of the reading year. So how do you make sure to pick the right one? Continue reading at Book Riot
[ Book Riot | 2022-01-11 11:30:00 UTC ]
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Today’s edition of SFF Daily Deals is sponsored by the audiobook edition of The Starless Crown. `the audiobook edition of The Starless... Continue reading at Book Riot
[ Book Riot | 2022-01-10 13:52:42 UTC ]
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Storytel reports good momentum for its audiobook and ebook streaming services in Poland, Russia, and Turkey—and less so in the Netherlands. The post Sweden’s Storytel Cites a 20-Percent Gain in 2021 over 2020 appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-01-10 12:45:40 UTC ]
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HarperCollins has snapped up the rights to the authorised biography of business leader Ratan Tata by Thomas Mathew. Continue reading at The Bookseller
[ The Bookseller | 2022-01-10 03:56:03 UTC ]
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RBmedia has entered the German audiobook market using a two-step approach: forming RBmedia Verlag and acquiring German audiobook publisher ABOD to supply titles to the new unit. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-01-06 05:00:00 UTC ]
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A new unabridged audiobook of James Hilton’s Goodbye Mr Chips (Hodder & Stoughton) will be narrated by actor Robert Bathurst. Continue reading at The Bookseller
[ The Bookseller | 2022-01-05 18:00:24 UTC ]
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Audiobook giant RBmedia has acquired leading German publisher ABOD and is making it's first foray into the German-language market under the new brand RBmedia Verlag. Continue reading at The Bookseller
[ The Bookseller | 2022-01-05 13:45:12 UTC ]
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Regardless of how 2021 went for you, 2022 is another chance for all of us to make the new year better than those that came before it. We set New Year’s resolutions with the best of intentions, but it’s no wonder that so many people fail after just a few weeks – old habits die hard. Just as it’s... Continue reading at Engadget
[ Engadget | 2022-01-01 14:34:42 UTC ]
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HarperCollins and Catherine Belton have settled their dispute with Roman Abramovich over certain passages in Putin’s People (William Collins) about the reasons for the Russian billionaire's purchase of Chelsea Football Club. Continue reading at The Bookseller
[ The Bookseller | 2021-12-23 11:16:19 UTC ]
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Dolly Parton will headline the audiobook cast of her debut novel Run Rose Run (Century) along with singer and songwriter Kelsea Ballerini in the role of protégée to Parton’s character. Continue reading at The Bookseller
[ The Bookseller | 2021-12-21 02:34:41 UTC ]
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David Walliams’ next picture book, Marmalade, will be published by HarperCollins Children's Books in February featuring illustrations by Adam Stower. Continue reading at The Bookseller
[ The Bookseller | 2021-12-21 01:51:57 UTC ]
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