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 ]
Bafta-winning actor Toby Jones will read the audiobook of John le Carré’s final novel, Silverview, which publishes on 14th October 2021. Continue reading at The Bookseller
[ The Bookseller | 2021-09-28 22:01:16 UTC ]
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The technology of Speechki, an exhibitor at Frankfurter Buchmesse, offers faster, less expensive paths to audiobook production. (Sponsored) The post Speechki: Synthetic Voicing to Augment the Industry’s Audiobook Inventory appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-09-21 19:39:32 UTC ]
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As indicated in a leak earlier this week, Amazon is updating the Kindle Paperwhite. The fifth-gen Paperwhite (which marks the first refresh in nearly three years) has a larger, 6.8-inch display, compared with the previous model's six-inch screen. The company says the 300 ppi screen is glare-free... Continue reading at Engadget
[ Engadget | 2021-09-21 13:00:32 UTC ]
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Piers Morgan will be presenting a nightly talkshow in this new venture aimed at outflanking the ailing GB NewsThe human Marmite of British journalism, Piers Morgan, is about to be spread very thinly. He has signed a global commentary deal with Rupert Murdoch’s News Corp. A nightly talkshow will... Continue reading at The Guardian
[ The Guardian | 2021-09-19 17:07:41 UTC ]
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During the Roaring '20s just about everybody was convinced that dirigibles were not just the future of luxury travel but that these lumbering airships could also serve as platforms for scientific exploration and adventure. Why slog through malaria-infested jungles, parched deserts and frozen... Continue reading at Engadget
[ Engadget | 2021-09-18 15:30:21 UTC ]
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Storytel reports seeing a rise in audiobook downloads in Russia by 45 percent in the last year. LitRes leads market. The post Audiobooks in Russia: Storytel and LitRes Cite Rising Interest appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-09-14 11:42:09 UTC ]
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As part of the integration of the former HMH trade divisions, the new organization will place the bulk of the adult properties in the William Morrow group under Liate Stehlik, while the two children’s imprints, as well as HarperCollins Productions, will become part of HarperCollins Children’s... Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-09-14 04:00:00 UTC ]
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With its first two titles issued last week and a further four to come in 2021, Conor Nagle explains how HarperCollins Ireland is harnessing the power of a big list alongside some indie sensibilities. Continue reading at The Bookseller
[ The Bookseller | 2021-09-10 00:00:19 UTC ]
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Journalist Stig Abell has signed a three-book deal with HarperCollins, including his crime fiction debut and one non-fiction title. Continue reading at The Bookseller
[ The Bookseller | 2021-09-07 18:18:52 UTC ]
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HarperCollins has launched its entry-level training programmes for 2022, including a traineeship scheme for those from underrepresented backgrounds. Continue reading at The Bookseller
[ The Bookseller | 2021-09-01 07:43:18 UTC ]
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Booming audiobook sales and strong performances in some of its largest markets boosted profits up 55.1% at Penguin Random House in the first six months of 2021. Revenue rose 10.9%, to €1.80 billion. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-08-31 00:00:00 UTC ]
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Now might be a good time to buy an e-reader for school — or that end-of-summer vacation. Amazon has cut the price of the ad-supported 8GB Kindle Paperwhite to an all-time low of $71 in a one-day-only sale, well below the official $130 sticker. That's lower than what we saw just two weeks... Continue reading at Engadget
[ Engadget | 2021-08-29 15:44:54 UTC ]
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Weruche Opia, best known for her role in Michaela Coel’s Bafta-winning series "I May Destroy You", will read the audiobook of the Nigerian essay collection Of This Our Country (The Borough Press) alongside fellow actor Oseloka Obi. Continue reading at The Bookseller
[ The Bookseller | 2021-08-26 15:58:01 UTC ]
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The following is excerpted from 1984: The Graphic Novel _______________________________________________ 1984: The Graphic Novel by George Orwell, adapted and illustrated by Fido Nesti. Copyright © 2021 by the Estate of Sonia Brownwell Orwell and Frederico Carvalhaes Nesti. Reprinted by... Continue reading at Literrary Hub
[ Literrary Hub | 2021-08-26 08:55:09 UTC ]
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Cambridge University Press is to release an audiobook featuring all of Shakespeares sonnets, narrated by Lolita Chakrabarti and Kenneth Branagh. Continue reading at The Bookseller
[ The Bookseller | 2021-08-25 16:30:36 UTC ]
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Audible is releasing an audiobook of Peter Kay’s record-breaking autobiography The Sound of Laughter in September with two new and exclusive bonus chapters. Continue reading at The Bookseller
[ The Bookseller | 2021-08-25 06:53:06 UTC ]
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HarperCollins Ireland has scooped a "unique" memoir by the warden of Skellig Michael, a remote Irish island. Continue reading at The Bookseller
[ The Bookseller | 2021-08-22 23:51:22 UTC ]
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Independent audiobook publisher W F Howes has landed rights to Val McDermid's new Allie Burns series, releasing the first of five audiobooks this week. Continue reading at The Bookseller
[ The Bookseller | 2021-08-20 14:12:25 UTC ]
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HarperCollins has landed two more books from the creator of the Stay-at-Home! Festival, C J Cooke. Continue reading at The Bookseller
[ The Bookseller | 2021-08-19 11:06:41 UTC ]
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Emmy award-winning Scottish actor Brian Cox has been confirmed as the audiobook reader for The Dark Remains, the new novel by Ian Rankin and William McIlvanney, published by Canongate. Continue reading at The Bookseller
[ The Bookseller | 2021-08-18 21:48:07 UTC ]
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