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 ]
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 ]
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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 ]
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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 ]
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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 ]
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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 ]
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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 ]
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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 ]
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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 ]
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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 ]
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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 ]
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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 ]
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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 ]
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Have you ever wondered who's responsible for making sure an audiobook matches the print? It's proof listeners! Continue reading at Book Riot
[ Book Riot | 2021-04-01 10:37:00 UTC ]
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HarperCollins parent News Corp's intended acquisition of HMH Books & Media raises, for some, new concern about consolidation. The post News Corp’s Plan To Acquire Houghton Mifflin’s Trade Division appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-03-31 15:40:39 UTC ]
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HarperCollins Children’s Books has scooped the third instalment of Eoin Colfer's Artemis Fowl companion series The Fowl Twins in a two-book deal. Continue reading at The Bookseller
[ The Bookseller | 2021-03-30 23:47:21 UTC ]
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People want stories and that means cultivating a publishing ecosystem where big and small can flourishThis week both the UK’s Competition and Markets Authority and the Department of Justice in the US announced investigations into the planned $2.2bn acquisition of the publisher Simon &... Continue reading at The Guardian
[ The Guardian | 2021-03-28 17:25:47 UTC ]
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Legend of children’s literature Beverly Cleary died on March 25th in Carmel, California, HarperCollins announced on Friday. She was 104. Since publishing Henry Huggins in 1950, when she was a librarian, Cleary has sold 85 million copies of her books, which have been translated into 29 different... Continue reading at Literrary Hub
[ Literrary Hub | 2021-03-27 13:47:12 UTC ]
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A new book market report on Finland's book market shows the impact of the pandemic and looks at the bestselling Finnish books of 2020. The post Finland’s 2020 Audiobook Sales Doubled, Ebooks Up 84 Percent appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-03-25 16:14:36 UTC ]
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It’s almost time for The Disability Readathon! Here are few recent #OwnVoices audiobooks by and about disabled people. Continue reading at Book Riot
[ Book Riot | 2021-03-23 10:31:00 UTC ]
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The Audio Publishers Association hosted the 26th annual Audie Awards virtually last night, making them open to the public for the first time. Piranesi, by Susanna Clarke and narrated by Chiwetel Ejiofor, was named Audiobook of the Year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-03-23 04:00:00 UTC ]
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