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 ]
The 27th Audie Awards honored winners in 25 categories in a 70 minute digital awards program with Kal Penn hosting. The post Awards: The ‘Project Hail Mary’ Audiobook Wins the 2022 Audies appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2022-03-05 15:15:51 UTC ]
More news stories like this
'Project Hail Mary' by Andy Weir and narrated by Ray Porter was named the Audiobook of the Year at the 2022 Audie Awards held March 4. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-03-05 05:00:00 UTC ]
More news stories like this
Over half a decade later, a new Kickstarter campaign has finally eclipsed Pebble's crowdfunding record on the website. Fantasy and sci-fi author Brandon Sanderson set up a campaign to raise $1 million within 30 days to fund four secret books he intends to release every quarter next year. It... Continue reading at Engadget
[ Engadget | 2022-03-04 12:57:00 UTC ]
More news stories like this
Read on for news about HarperCollins Children’s Books' new trade publishing line tied to seven-year-old YouTube phenomenon Diana, a new set of National Hockey League activity books, DK's growing publishing program with the Met, and other recent happenings in licensed publishing. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-03-01 05:00:00 UTC ]
More news stories like this
Duvall Hecht, audiobook pioneer and founder of Books on Tape, died on February 10 at his home in Costa Mesa, Calif. He was 91. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-02-24 05:00:00 UTC ]
More news stories like this
Less than a year after HarperCollins purchased the trade division of Houghton Mifflin Harcourt, a private equity firm has made an agreement to acquire the remainder of the learning technology company. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-02-22 05:00:00 UTC ]
More news stories like this
Listen to an audiobook or bookish podcast while piecing these together to celebrate your book love and block out the stresses of the world.- Danika Ellis Continue reading at Book Riot
[ Book Riot | 2022-02-20 11:35:00 UTC ]
More news stories like this
The founder of Audible Inc., a leading force in the booming audiobook industry, will be honored in May at PEN America’s annual gala Continue reading at ABC News
[ ABC News | 2022-02-18 15:03:22 UTC ]
More news stories like this
A look at six of today's biggest and most interesting YA audiobook performers, with a little about who they are and some of their best work. Continue reading at Book Riot
[ Book Riot | 2022-02-12 11:31:00 UTC ]
More news stories like this
Tom Dupree, who was a senior editor at Bantam for much of the 1990s and later an executive editor at HarperCollins, died of in his New York home on February 7. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-02-11 05:00:00 UTC ]
More news stories like this
Urban Ministries, Inc. and HarperCollins Christian Publishing are extending their publishing and distribution partnership into a subscription-based digital platform, UrbanFaithStudy.com, which features sermons and other content by prominent Black pastors and authors. Continue reading at Publishers Weekly
[ Publishers Weekly | 2022-02-01 05:00:00 UTC ]
More news stories like this
HarperCollins has released its first ethnicity pay gap report alongside its annual one for gender pay, announcing it will now use diverse, balanced shortlists for senior roles. Continue reading at The Bookseller
[ The Bookseller | 2022-01-25 13:17:00 UTC ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this
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 ]
More news stories like this