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 ]
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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Clemency Burton-Hill’s audiobook of Another Year of Wonder (Headline Home) will be narrated by Academy Award winner Eddie Redmayne, with an introduction from Elizabeth Day. Continue reading at The Bookseller
[ The Bookseller | 2021-12-20 14:20:56 UTC ]
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Harriet Wilson will join Hachette Children’s Group (HCG) as publisher of fiction brands and classics, after more than a decade with HarperCollins Children’s Books. Continue reading at The Bookseller
[ The Bookseller | 2021-12-19 22:58:37 UTC ]
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HarperCollins has scooped Why is This Lying Bastard Lying to Me?, an insider account and debut by former BBC political programming editor Rob Burley. Continue reading at The Bookseller
[ The Bookseller | 2021-12-17 14:50:05 UTC ]
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HarperCollins is participating in "five days of giving" this week, to highlight the charities and causes it is supporting this Christmas. Continue reading at The Bookseller
[ The Bookseller | 2021-12-15 14:56:31 UTC ]
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It was a chance to finally get around to Tolstoy or Proust, but the charts tell a different story. Which books did we actually turn to in the lockdowns? • Let us know in the comments what you were reading Back in spring 2020, when it became clear that coronavirus wasn’t going away, book lovers... Continue reading at The Guardian
[ The Guardian | 2021-12-11 09:00:06 UTC ]
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Alongside Richard Osman and JK Rowling, figures show huge successes for relative unknowns Ellery Adams and Brenda ChapmanThe UK’s library users are widely seen as a traditional bunch when it comes to choosing their next read, but while Richard Osman might have topped the list of the year’s... Continue reading at The Guardian
[ The Guardian | 2021-12-08 16:34:37 UTC ]
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The decision by HarperCollins comes after the anchor was fired by CNN and exited his daily satellite radio talk show. Continue reading at The New York Times
[ The New York Times | 2021-12-07 22:18:47 UTC ]
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Each month, for your literary listening pleasure, our friends at AudioFile Magazine bring us the cream of the audiobook crop. Now, at the year draws to a close, they’ve rounded up the very best audiobooks of 2021. Happy listening and happy holidays! * FICTION Apples Never Fall by Liane Moriarty... Continue reading at Literrary Hub
[ Literrary Hub | 2021-12-06 09:53:47 UTC ]
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