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 ]
HarperCollins has signed a "funny, irreverent, and eye-opening" memoir by pop band The Jonas Brothers, which will publish on 11th November 2021. Continue reading at The Bookseller
[ The Bookseller | 2021-06-09 11:06:36 UTC ]
More news stories like this
HarperCollins Children's Books has signed a new middle-grade fiction series from Yomi Adegoke and Elizabeth Uviebinené, the authors of Slay in Your Lane (HarperCollins). Continue reading at The Bookseller
[ The Bookseller | 2021-06-08 04:03:57 UTC ]
More news stories like this
Bookwire, the international e-book and audiobook distribution platform, is launching its services in the U.S. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-06-04 04:00:00 UTC ]
More news stories like this
In 2020, the Audio Publishers Association sales report finds more than 71,000 audiobooks were published in the US, up 39 percent over 2019. The post Audio Publishers Association Cites 12-Percent 2020 US Audiobook Revenue Growth appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-06-01 13:14:36 UTC ]
More news stories like this
The Audio Publishers Association’s annual review of the audiobook market found another year of double-digit sales increases as well as a profound shift in listening habits. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-06-01 04:00:00 UTC ]
More news stories like this
HarperCollins Ireland has pre-empted a debut novel by award-winning actor and playwright Emmet Kirwan, to be published in 2023. Continue reading at The Bookseller
[ The Bookseller | 2021-05-28 22:53:36 UTC ]
More news stories like this
Mark Gordon's new production company's London wing has picked up the forthcoming HarperCollins UK release. The post Film Rights: London’s BKS Agency Has an Option for Stephen McGinty’s ‘The Dive’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-05-21 18:13:27 UTC ]
More news stories like this
As HarperCollins prepares to integrate Houghton Mifflin Harcourt's trade division, the group's name—and 150 years of trade publishing history—will fade away. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-14 04:00:00 UTC ]
More news stories like this
RBmedia has acquired the audiobook publishing business of McGraw-Hill Professional in a deal that adds about 400 business books to the audio publisher's list, chief content officer Troy Juliar said. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-11 04:00:00 UTC ]
More news stories like this
HarperCollins is releasing a previously out of print police thriller trilogy by The Eagle Has Landed author Jack Higgins as a single volume. Continue reading at The Bookseller
[ The Bookseller | 2021-05-10 20:13:24 UTC ]
More news stories like this
These awards include recognition for rights professionals, audiobook publishers, bookstores, educational learning resources, and more. The post London Book Fair: The 2021 International Excellence Awards Shortlist appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-05-10 13:31:32 UTC ]
More news stories like this
HarperCollins owner News Corp has completed its $349m (£252m) acquisition of Houghton Mifflin Harcourt's consumer division. Continue reading at The Bookseller
[ The Bookseller | 2021-05-10 12:46:20 UTC ]
More news stories like this
Big gains in digital and backlist sales combined to drive up profits at HarperCollins by 45% in the quarter ended March 31, 2021, while sales rose 19%. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-07 04:00:00 UTC ]
More news stories like this
HarperCollins Christian Publishing, already the nation’s largest religion publisher, has moved to broaden its stake in the church curriculum and Bible study market with a new imprint, HarperChristian Resources. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-28 04:00:00 UTC ]
More news stories like this
With HarperCollins Christian Publishing's announcement Tuesday of the creation of HarperChristian Resources, 'PW' asked John Raymond, v-p and publisher of the new imprint, to elaborate on its timing, goals, and potential impact. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-28 04:00:00 UTC ]
More news stories like this
New figures from the Publishers Association show fiction and audiobooks did particularly well, with value of consumer sales up 7% on 2019 despite bookshop closuresFiction sales in 2020 soared by more than £100m for UK publishers, as readers locked down at home made their escape into books, with... Continue reading at The Guardian
[ The Guardian | 2021-04-26 23:01:49 UTC ]
More news stories like this
Kids can enjoy audiobooks and podcasts too thanks to the child-friendly Yoto Player and its library. Continue reading at Engadget
[ Engadget | 2021-04-23 13:00:10 UTC ]
More news stories like this
HarperCollins Children’s Books will publish Morpurgo’s Tales from Shakespeare by Michael Morpurgo, a retelling of 10 of Shakespeare’s most popular plays. Continue reading at The Bookseller
[ The Bookseller | 2021-04-20 01:32:21 UTC ]
More news stories like this
HarperCollins has acquired a book by journalist Alix Sharkey exploring his experience growing up with a brother now imprisoned for the murder of teenager Danielle Jones. Continue reading at The Bookseller
[ The Bookseller | 2021-04-13 19:59:28 UTC ]
More news stories like this
In an attempt to take the subject beyond March, this month’s audiobook recommendations shine a light on women’s history, known and unknown, heralded and not. Viewing the glass as half-empty, it’s dispiriting how many of these stories remain untold, forgotten, or misunderstood. But let’s be... Continue reading at Literrary Hub
[ Literrary Hub | 2021-04-05 08:49:04 UTC ]
More news stories like this