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 ]
Gore Vidal’s “Hollywood” is finally getting the audiobook treatment, and not a moment too soon. Continue reading at The Washington Post
[ The Washington Post | 2020-09-14 12:00:00 UTC ]
More news stories like this
YouTube star Daniel Howell is releasing a guide to mental health, You Will Get Through This Night, with HarperCollins imprint HQ. Continue reading at The Bookseller
[ The Bookseller | 2020-09-13 20:48:44 UTC ]
More news stories like this
Famed writer and activist Cory Doctorow is selling the audio version of his upcoming book via Kickstarter to sidestep the walled garden of Amazon-owned audiobook platform Audible. When science fiction writer and activist Cory Doctorow releases his new novel, Attack Surface, next month, you’ll be... Continue reading at Fast Company
[ Fast Company | 2020-09-12 09:00:52 UTC ]
More news stories like this
That’s right. HarperCollins is suing Lindsay Lohan for breach of contract after she failed to deliver a manuscript for the memoir they acquired from her back in 2014. The publishing company is asking for their $365,000 back—ostensibly the first third of the reported $1 million purchase price.... Continue reading at Literrary Hub
[ Literrary Hub | 2020-09-11 15:12:50 UTC ]
More news stories like this
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. Seraphine Valentine narrates Alexis Daria’s charming romance, You Had Me at Hola, where the... Continue reading at Literrary Hub
[ Literrary Hub | 2020-09-11 08:41:16 UTC ]
More news stories like this
Holliday Grainger will read the audiobook version of Dolly Alderton's eagerly-awaited debut novel Ghosts (Fig Tree). Continue reading at The Bookseller
[ The Bookseller | 2020-09-02 15:24:17 UTC ]
More news stories like this
In an interview with the 'Financial Times,' Thomas Rabe, chief executive at Penguin Random House's parent company, Bertelsmann, said he was interested in buying Simon & Schuster. Meanwhile, sources confirmed that, at a recent town hall meeting, HarperCollins CEO Brian Murray said HC was also... Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-09-02 04:00:00 UTC ]
More news stories like this
The prankish device is the subject of a new audiobook that pokes serious fun at Silicon Valley’s culture of disruption. We spoke with its inventor. Continue reading at Wired
[ Wired | 2020-08-31 12:00:00 UTC ]
More news stories like this
The Oscar-nominated actor narrates “The Autobiography of Malcolm X” in an audiobook project he says “doesn’t change my perspective so much as it amplifies it.” Continue reading at The New York Times
[ The New York Times | 2020-08-30 09:00:11 UTC ]
More news stories like this
Sir Paul Nurse will narrate the audio edition of his book What is Life?, to be published by Faber in September. Continue reading at The Bookseller
[ The Bookseller | 2020-08-27 14:56:38 UTC ]
More news stories like this
Get immersed in a world and get in deep with the characters in these compelling audiobook series (and learn the length of each series). Continue reading at Book Riot
[ Book Riot | 2020-08-25 10:33:00 UTC ]
More news stories like this
There has been an outpouring of support for former HarperCollins creative director Ben North, following his revelation on social media last week that he has entered palliative care following treatment for brain tumours. Continue reading at The Bookseller
[ The Bookseller | 2020-08-25 01:07:20 UTC ]
More news stories like this
W F Howes is to release new audiobook versions of a "cult series of horror-genre" books, using 40-year-old recordings made by their original publisher The Eden Book Society. Continue reading at The Bookseller
[ The Bookseller | 2020-08-19 10:06:08 UTC ]
More news stories like this
HarperCollins imprint Thorsons has scooped a new book from Rhonda Byrne, author of global phenomenon The Secret. Continue reading at The Bookseller
[ The Bookseller | 2020-08-16 21:08:19 UTC ]
More news stories like this
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. The hosts of the “Call Your Girlfriend” podcast are warm, open, and matter-of-fact narrators... Continue reading at Literrary Hub
[ Literrary Hub | 2020-08-14 08:44:10 UTC ]
More news stories like this
HarperCollins Children’s Books has revealed details of Future Friend, the “out of this world” new book from David Baddiel, with illustrations by Steven Lenton. Continue reading at The Bookseller
[ The Bookseller | 2020-08-13 16:15:53 UTC ]
More news stories like this
LinkedIn offloaded presentation-sharing service SlideShare to ebook and audiobook platform Scribd for an undisclosed price. The professional network acquired SlideShare for $118.75 million in May 2012. Scribd will begin operating SlideShare Sept. 24, managing accounts and content, and Scribd... Continue reading at AdWeek
[ AdWeek | 2020-08-12 14:55:00 UTC ]
More news stories like this
Do you always listen to audiobooks on a certain speed? Is it worth listening on double speed to get through twice as many books? Continue reading at Book Riot
[ Book Riot | 2020-08-11 10:39:00 UTC ]
More news stories like this
HarperCollins global revenues fell 4.4% in the financial year ending 30th June, including a 3% decline in the fourth quarter, according to figures from parent firm News Corp. Continue reading at The Bookseller
[ The Bookseller | 2020-08-07 14:12:09 UTC ]
More news stories like this
An improvement in fourth quarter profits for the period ended June 30, 2020, was not enough to prevent earnings for the full year at HarperCollins from dropping 15%, to $214 million. Revenue fell 5%, to $1.67 billion, compared to fiscal 2019. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-08-07 04:00:00 UTC ]
More news stories like this