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 ]
Celebrate Pride Month and queer voices by reading these three captivating audiobook memoirs written and narrated by queer women. Continue reading at Book Riot
[ Book Riot | 2020-06-22 10:36:19 UTC ]
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HarperCollins UK has brought back all the staff it placed on furlough at the start of lockdown and will pay all their salaries itself rather than claiming it back from the government, the company has announced. Continue reading at The Bookseller
[ The Bookseller | 2020-06-22 02:30:13 UTC ]
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Have you ever dropped a thermometer and watched its ball of mercury break into a scatter of glistening droplets? That’s my mind right now. The table next to my bed is anchoring a tottering tower of books I have begun and then abandoned, not out of displeasure but because… well, I actually... Continue reading at Literrary Hub
[ Literrary Hub | 2020-06-17 08:48:33 UTC ]
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Julia Whelan audiobooks are some of the best listens out there. This guide will help you find your perfect audiobook by the award-winning performer. Continue reading at Book Riot
[ Book Riot | 2020-06-12 10:38:10 UTC ]
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Husband and wife duo Polly Samson and David Gilmour of Pink Floyd have teamed up to work on the audiobook of Samson's novel A Theatre for Dreamers. Continue reading at The Bookseller
[ The Bookseller | 2020-06-11 22:58:40 UTC ]
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HarperCollins has acquired world all-language rights to two more books by Why Mummy Drinks author Gill Sims. Continue reading at The Bookseller
[ The Bookseller | 2020-06-11 11:16:00 UTC ]
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HarperCollins has promoted Kimberley Young (pictured) to the role of executive publisher for HarperFiction, with responsibility also for digital-first division One More Chapter. Continue reading at The Bookseller
[ The Bookseller | 2020-06-10 12:12:17 UTC ]
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Publishers are currently exploring what a return to work will look like, with HarperCollins this week allowing staff to come into the office "for essential reasons" and Hachette and Simon & Schuster confirming a provisional return come September. Continue reading at The Bookseller
[ The Bookseller | 2020-06-09 22:45:56 UTC ]
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Penguin Random House Audio is bringing together wellbeing experts, including fitness author Chloe Madeley and performance coach Sara Milne Rowe, in a new audio anthology, The Here and Now. Continue reading at The Bookseller
[ The Bookseller | 2020-06-09 10:56:54 UTC ]
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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. Host Michele Cobb speaks with narrator Julia Whelan, one of AudioFile’s 2020 Golden Voices,... Continue reading at Literrary Hub
[ Literrary Hub | 2020-06-08 09:15:30 UTC ]
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If your local bookstore is all sold out of its books on anti-racism, good. Finally. Backorder them for yourself. But in the meantime, the audiobook version of Ibram X. Kendi’s Stamped from the Beginning: The Definitive History of Racist Ideas in America, which won the 2016 National Book Award... Continue reading at Literrary Hub
[ Literrary Hub | 2020-06-04 14:34:08 UTC ]
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The audiobook of STAMPED FROM THE BEGINNING by Ibram X. Kendi is currently available for free on Spotify. Continue reading at Book Riot
[ Book Riot | 2020-06-04 12:58:03 UTC ]
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David Walliams and Tony Ross are releasing another collection of stories, The World's Worst Parents, with HarperCollins Children's Books. Continue reading at The Bookseller
[ The Bookseller | 2020-06-03 23:12:15 UTC ]
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Publishers are increasingly seeking out audio talent that reflects the race and experience of the books’ authors and characters. But what constitutes a black, Latino or Asian voice? Continue reading at The New York Times
[ The New York Times | 2020-06-03 12:00:12 UTC ]
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Fitness guru Joe Wicks is leaving Bluebird for HarperCollins, signing a multi-book deal for adult lifestyle and children's titles with the publisher. Continue reading at The Bookseller
[ The Bookseller | 2020-06-03 00:41:19 UTC ]
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HarperCollins' director of growth and analytics Alvar Jover and its group digital director Joanna Surman have been appointed to join the publisher's UK executive committee. Continue reading at The Bookseller
[ The Bookseller | 2020-06-02 13:37:31 UTC ]
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While many readers have understandably found refuge from pandemic anxiety with thick biographies and door-stopping classics, others have had trouble focusing for long periods. With work laptops constantly open and homeschooled children orbiting, the solution to our short attention spans might be... Continue reading at Literrary Hub
[ Literrary Hub | 2020-06-02 08:48:22 UTC ]
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On June 1st, a group of book publishers—Hachette Book Group, HarperCollins Publishers, John Wiley & Sons, and Penguin Random House, all member companies of the Association of American Publishers—filed a copyright infringement lawsuit against the Internet Archive, whose “National Emergency... Continue reading at Literrary Hub
[ Literrary Hub | 2020-06-01 17:48:23 UTC ]
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Alex Beecroft, formerly HarperCollins UK’s director of corporate development, has been appointed m.d. of Collins Learning. Continue reading at The Bookseller
[ The Bookseller | 2020-06-01 04:28:42 UTC ]
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Today's news marks the next step in Beat Technologies' drive to create bespoke D2C audiobook and ebook platforms for marquee-level publishers. The post Norway’s Beat Technology Signs a Denmark Trio for an Audiobook Platform appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-05-29 13:48:10 UTC ]
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