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 ]
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The UK's quarterly 'Index on Censorship' has opened its 45-year archive to free readership, a response to an era of fake news and leadership lies. The post Industry Notes: SAGE Publishing Makes UK’s Index on Censorship Archive Free appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-02-27 00:00:00 UTC ]
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A newly added podcast series at London Book Fair will be on the Fireside Chat Stage. And smartphones used to access those podcasts are proliferating unevenly in the world, says Pew Research. The post Industry Notes: Podcasts at London Book Fair; Pew Research on Smartphones appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-02-20 00:00:00 UTC ]
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The London Book Fair's Trailblazer Awards have honored 20 young publishing standouts in four years. And the GLLI YA Translated Book Prize goes to a PRH work. The post Industry Notes: London Book Fair’s 2019 Trailblazers; GLLI’s First YA Translation Winner appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-02-02 00:00:00 UTC ]
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Winter moves among independent publishers: Nonfiction works are the focus in Europa Compass, and Chicago Review Press buys Oklahoma's Council Oak Books. The post Industry Notes: Europa Editions’ New Imprint; Chicago Press Buys Council Oak appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-01-15 00:00:00 UTC ]
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Pamela Drucker Mann discusses how Condé Nast plans to give advertisers what they want, not what publishers think they should have. The post ‘You have to sell advertisers what they need, not what you want’: Q&A with Conde Nast chief revenue officer, Pamela Drucker Mann appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2019-01-14 00:00:00 UTC ]
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A primary commerce network in the American book industry, Pubnet from MVB US–a subsidiary of Germany's MVB–says it has successfully migrated its clients to a major new upgrade. The post Industry Notes: MVB US Announces Successful Pubnet 2.0 Migration appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-12-18 00:00:00 UTC ]
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The Bologna Children's Book Fair's 50th year illustration exhibition has a session in New York this week, and Milan illustrators Anna and Elena Balbusso produce new 'Handmaid's Tale' artwork ahead of Margaret Atwood's sequel. The post Industry Notes: Bologna Round Table in New York; New... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-12-11 00:00:00 UTC ]
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The winner of Norway's 2018 'Bookstore Award,' chosen by booksellers, is a novel based on the country's World War II-era past. And in the UK, SpecSavers names a dozen prize winners. The post Industry Notes: Norway’s ‘Bookstore Award,’ the UK’s SpecSavers Winners appeared first on Publishing... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-11-28 00:00:00 UTC ]
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The 2019 Publishers' Forum in Berlin will feature a programming partnership with the Frankfurter Buchmesse's THE ARTS+, while Publishing Scotland has issued its call for fellowship applications. The post Industry Notes: Germany’s Publishers’ Forum and THE ARTS+, Publishing Scotland Fellows... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-11-27 00:00:00 UTC ]
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Cond Nast, once the most glamorous and moneyed player among the big magazine publishing houses, is acknowledging that it needs new leadershipand "outside" leadership at that.In a memo to staff this morning, Steve Newhouse and Jonathan Newhouse, scions of the Newhouse clan that controls the... Continue reading at Advertising Age
[ Advertising Age | 2018-11-27 00:00:00 UTC ]
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As the Independent Publishers Group announces three new Spanish-language contracts, New York City's BookCon opens ticket sales for June 1 and 2. The post Industry Notes: IPG Adds Spanish Publishers; BookCon Tickets on Sale appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-11-20 00:00:00 UTC ]
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A 'fast follow' is planned for Spanish-language regions for Wattpad Next payments, now beta-testing in the USA. Cengage Unlimited adds another university. The post Industry Notes: US Beta for ‘Wattpad Next’; Cengage Subscription for Missouri appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-11-19 00:00:00 UTC ]
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£80m has been invested to develop nine new creative hubs across the UK, in Bristol, Leeds, London, York, Cardiff, Belfast, Dundee and Edinburgh, in a programme involving brands such as Audible. Continue reading at The Bookseller
[ The Bookseller | 2018-11-14 00:00:00 UTC ]
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Praising Frank Sambeth for 'his expertise in digital topics in particular,' Penguin Random House CEO Markus Dohel names Thomas Rathnow as Verlagsgruppe Random House's new chief. The post Industry Notes: Frank Sambeth Out at Verlagsgruppe Random House, Thomas Rathnow In appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-11-11 00:00:00 UTC ]
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After a year with Open Road, attorney and former Amazon executive Jon Fine is heading to American Media. And in India, Baker & Taylor's Nitasha Devasar helms the publishers association's executive committee. The post Industry Notes: Jon Fine Leaving Open Road; Baker & Taylor’s Devasar... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-11-07 00:00:00 UTC ]
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The U.S. publishing house is scrambling to erase $120 million in losses last year; its international arm could offer lessons in cost-savings. The post In a shift, Conde Nast integrates more of US and international arm appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-11-07 00:00:00 UTC ]
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The Za'atari Camp in Jordan is part of Book Aid International's refugee outreach, supported by Elsevier and other publishers. And Simon & Schuster's Touchstone goes to the Atria and Gallery Books lists. The post Industry Notes: Elsevier Contributes Book Aid’s Millionth Volume, Simon... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-10-24 00:00:00 UTC ]
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In organizational and corporate changes this month, the International Publishers Association's elections refresh committees while Penguin Random House US repositions Crown Publishing. The post Industry Notes: IPA Election Results; McIntosh Combines Crown and Random House appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-10-19 00:00:00 UTC ]
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Minnesota Business Magazine Shutters Minnesota Business magazine announced that its November/December edition will be its final issue before ceasing operations. According to a reported statement by executive editor Megan Effertz in Minneapolis/St. Paul Business Journal, the publication’s nine... Continue reading at Folio Magazine
[ Folio Magazine | 2018-10-16 00:00:00 UTC ]
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Two items from London: Publishing Perspectives columnist Richard Charkin announces a new publishing venture, and London Book Fair opens submissions for its 2019 International Excellence Awards. The post Industry Notes: Richard Charkin Opens Mensch Publishing; LBF Opens Award Submissions appeared... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-10-04 00:00:00 UTC ]
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