Condé Nast Pulls Investment from FarFetch Over Management Concerns| Industry Notes

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 ]

Other news stories related to: "Condé Nast Pulls Investment from FarFetch Over Management Concerns| Industry Notes"

Sally Phillips to narrate Alexandra Potter audio for Macmillan

Sally Phillips has recorded the audiobook edition of Alexandra Potter’s new novel Confessions of a Forty-Something F**k Up. Continue reading at The Bookseller

[ The Bookseller | 2020-10-26 06:15:07 UTC ]
More news stories like this

HarperCollins takes two from Kindle star Bloom

HarperCollins has picked up two books from “utterly hilarious” self-published star Tracy Bloom. Continue reading at The Bookseller

[ The Bookseller | 2020-10-26 04:59:19 UTC ]
More news stories like this

Samantha Bond to play the Queen in Windsor Knot audiobook

Samantha Bond will narrate the audiobook of S J Bennett’s novel, The Windsor Knot. Continue reading at The Bookseller

[ The Bookseller | 2020-10-21 13:14:02 UTC ]
More news stories like this

Cynthia Leitich Smith Named Winner of the 2021 NSK Neustadt Prize for Children’s Literature

News and Events Photo by Christopher T. Assaf World Literature Today, the University of Oklahoma’s award-winning magazine of international literature and culture, today announced Cynthia Leitich Smith as the winner of the 2021 NSK Neustadt Prize... Continue reading at World Literature Today

[ World Literature Today | 2020-10-20 23:56:14 UTC ]
More news stories like this

In Conversation with Actress and Audiobook Narrator Yetide Badaki

Nigerian-American writer, producer, and actress Yetide Badaki, well known for acting in the TV series This Is Us and American Gods, comes from a family of storytellers. She recalls sitting by the fire as a youth and listening to her elders. “Storytelling is such a part of just being,” she says.... Continue reading at Literrary Hub

[ Literrary Hub | 2020-10-20 08:48:10 UTC ]
More news stories like this

Ninety budding authors to receive trade tutelage through HC’s Author Academy

HarperCollins affiliate publisher Rose Sandy reveals the details of its new Author Academy, which will give 90 emerging talents guidance as to how the book industry functions. Continue reading at The Bookseller

[ The Bookseller | 2020-10-15 22:41:09 UTC ]
More news stories like this

Walters joins all-star cast to narrate Victoria Wood's biography

Julie Walters will be featuring as part of an all-star cast for the audiobook of Jasper Rees' authorised biography of Victoria Wood, Let's Do It. Continue reading at The Bookseller

[ The Bookseller | 2020-10-13 08:49:54 UTC ]
More news stories like this

Leave the World Behind by Rumann Alam, Read by Marin Ireland

Every Monday through Friday, AudioFile’s editors recommend the best in audiobook listening. We keep our daily episodes short and sweet, with audiobook clips to give you a sample of our featured listens. Marin Ireland narrates Rumaan Alam’s stunning audiobook Leave the World Behind, which... Continue reading at Literrary Hub

[ Literrary Hub | 2020-10-12 08:00:42 UTC ]
More news stories like this

The Hidden Life of Ice by Marco Tedesco, Read by Joel Richards

Every Monday through Friday, AudioFile’s editors recommend the best in audiobook listening. We keep our daily episodes short and sweet, with audiobook clips to give you a sample of our featured listens. Joel Richards emulates the quiet reverential voice of climate scientist Marco Tedesco as he... Continue reading at Literrary Hub

[ Literrary Hub | 2020-10-09 15:32:33 UTC ]
More news stories like this

Nielsen Book Releases Australian Audiobook Consumer Research

What's reported to be the first study of audiobook consumer behavior in Australia points to a new, young audience for the format. The post Nielsen Book Releases Australian Audiobook Consumer Research appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-10-08 19:52:16 UTC ]
More news stories like this

HarperCollins snaps up Beresiner's Mother Project

HarperCollins has snapped up The Mother Project by journalist and Sunday Times Style columnist Sophie Beresiner. Continue reading at The Bookseller

[ The Bookseller | 2020-10-08 00:56:24 UTC ]
More news stories like this

Because there is no morality in capitalism, Fox News is getting its own imprint at HarperCollins.

To mark the 24th anniversary of the Fox News Channel’s debut, HarperCollins and Fox News Media have announced the creation of a new imprint that will publish a stream of books I’m sure you’ll read by Fox News personalities. If the pairing seems unexpected, it’s anything but. Rupert Murdoch, who... Continue reading at Literrary Hub

[ Literrary Hub | 2020-10-07 16:16:12 UTC ]
More news stories like this

In ‘Fauci,’ a Doctor Whose Work and Mission Have Been Shaped by Politics

Michael Specter’s audiobook biography shapes the story of Anthony Fauci into a stirring, and very American, morality play. Continue reading at The New York Times

[ The New York Times | 2020-10-06 20:52:57 UTC ]
More news stories like this

Outpost by Dan Richards, Read by the Author

Every Monday through Friday, AudioFile’s editors recommend the best in audiobook listening. We keep our daily episodes short and sweet, with audiobook clips to give you a sample of our featured listens. Dan Richards narrates his audiobook, Outpost, in a clear English accent that often sounds as... Continue reading at Literrary Hub

[ Literrary Hub | 2020-10-05 17:53:36 UTC ]
More news stories like this

Egmont triumphs in six-way auction for debut series

HarperCollins division Egmont has acquired three books from debut children’s author Ian Mark in a "heated" six-way auction. Continue reading at The Bookseller

[ The Bookseller | 2020-10-04 17:03:36 UTC ]
More news stories like this

Ways to Make Sunshine by Renée Watson, Read by Sisi Aisha Johnson

Every Monday through Friday, AudioFile’s editors recommend the best in audiobook listening. We keep our daily episodes short and sweet, with audiobook clips to give you a sample of our featured listens. Narrator Sisi Aisha Johnson embodies all of the joy and light of fourth grader Ryan Hart in... Continue reading at Literrary Hub

[ Literrary Hub | 2020-10-02 09:13:44 UTC ]
More news stories like this

Book Deals: Week of October 5, 2020

Nicole Lapin lands a seven-book, seven-figure deal with HarperCollins Leadership; Berkley prevails at auction to take three from Lana Popovic´; and more. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-10-02 04:00:00 UTC ]
More news stories like this

Mackesy narrates own audiobook for PRH

Charlie Mackesy will narrate the audiobook of his bestseller The Boy, The Mole, The Fox and The Horse, with a musical score and real wildlife sounds helping bring it to life. Continue reading at The Bookseller

[ The Bookseller | 2020-09-30 07:56:33 UTC ]
More news stories like this

HCCP's Tom Knight to Retire

Tom Knight, senior v-p of sales at HarperCollins Christian Publishing and HarperCollins Focus, is retiring at the end of the year. He will be replaced by Dan Van Gorp, currently director of independent retail sales. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-09-30 04:00:00 UTC ]
More news stories like this