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 ]
Once upon a time, round about the start of the year, there was a settled order in the audiobook recording world. A relatively small number of voice artists had at-home recording setups – often a booth, built in a spare room or the garden shed, which gave the experienced narrator greater... Continue reading at The Bookseller
[ The Bookseller | 2020-05-10 19:59:08 UTC ]
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Global revenues at HarperCollins fell 2% year on year for the three months ending 31st March while parent firm News Corp reported an 8% decline over the same period. Continue reading at The Bookseller
[ The Bookseller | 2020-05-10 13:25:40 UTC ]
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Having just acquired Sonolibro, Saga Egmont director Lasse Korsemann Horne sees the Spanish-language audiobook market as a key territory for expansion. The post Denmark’s Saga Egmont on Its Acquisition of Spain’s Sonolibro appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-05-07 15:29:40 UTC ]
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HarperCollins Children’s Books is bringing back Michael Bond’s classic The Adventures of Parsley the Lion in a new gift edition illustrated by Rob Biddulph. Continue reading at The Bookseller
[ The Bookseller | 2020-05-07 05:17:26 UTC ]
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Industry Notes: Timely moves as the coronavirus pandemic propels interest in e-formats and audio in particular: Yale opens its own audio shop and HarperCollins issues digital Caedmon classics. The post HarperCollins on Caedmon Digital Audio; Yale Press Audio on First Titles appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-05-06 16:38:21 UTC ]
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Children's author and illustrator Rob Biddulph is attempting to break the world record for the largest online art lesson, in partnership with HarperCollins and global talent investor Entrepreneur First. Continue reading at The Bookseller
[ The Bookseller | 2020-05-06 15:32:05 UTC ]
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HarperCollins has signed up a book by Jay Morton, an ex-Special Forces sergeant and recent recruit to Channel 4 series “SAS: Who Dares Wins”. Continue reading at The Bookseller
[ The Bookseller | 2020-05-05 03:47:48 UTC ]
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“Mum” and “Phantom Thread” star Lesley Manville will narrate the audiobook of Richard Osman's forthcoming novel, The Thursday Murder Club. Continue reading at The Bookseller
[ The Bookseller | 2020-05-01 14:43:02 UTC ]
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Itching for a great audiobook that's on the shorter side? Here are four under four hours long. Continue reading at Book Riot
[ Book Riot | 2020-05-01 10:40:12 UTC ]
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HarperCollins has completed its acquisition of children's publisher Egmont Books UK for an undisclosed sum, the firm confirmed today (1st May). Continue reading at The Bookseller
[ The Bookseller | 2020-05-01 09:43:59 UTC ]
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Even if social distancing has helped you to achieve the nigh impossible task of watching your entire Netflix queue, there’s still a trove of media to consume. Sonos has teamed up with OverDrive -- makers of the audiobook lending app Libby -- to let c... Continue reading at Engadget
[ Engadget | 2020-04-30 14:37:36 UTC ]
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HarperCollins is launching an e-book subscription service called We Love Romance, providing unlimited access to thousands of Mills & Boon titles. Continue reading at The Bookseller
[ The Bookseller | 2020-04-30 01:34:32 UTC ]
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David Lipson, third-generation owner of Boston and Philadelphia magazine publisher Metro Corp., is stepping down as CEO and bringing in management consultant Nick Fischer to run the company through the COVID-19 pandemic and beyond, staffers learned this week. Fischer currently serves as... Continue reading at Folio Magazine
[ Folio Magazine | 2020-04-29 22:35:01 UTC ]
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Bloomsbury Publishing has promoted Sarah Knight to UK adult sales director and recruited Sally Wilks from HarperCollins Children's Books to be its UK children’s sales director. Continue reading at The Bookseller
[ The Bookseller | 2020-04-28 15:45:01 UTC ]
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HarperCollins US imprint Dey Street is reportedly publishing a biography of the Duke and Duchess of Sussex, written by two journalists with the couple's co-operation. Continue reading at The Bookseller
[ The Bookseller | 2020-04-27 10:29:43 UTC ]
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'Rights departments of publishing houses invariably seem the poor relation of the sales team,' says Richard Charkin. The pandemic is a prompt to reconsider. The post Richard Charkin: Let’s Hear It for Book Rights Sales People Worldwide appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-04-24 14:43:14 UTC ]
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Learn more about the lives and thoughts of these authors with these nonfiction audiobooks by bi+ women of color, including memoirs and essay collections. Continue reading at Book Riot
[ Book Riot | 2020-04-21 10:31:22 UTC ]
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"Paddington" and "Downton Abbey" star Hugh Bonneville is voicing the free audiobook for Nosy Crow's recently released children's e-book about coronavirus. Continue reading at The Bookseller
[ The Bookseller | 2020-04-20 18:06:43 UTC ]
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Subscribers to audiobook subscription platform BookBeat are growing during the coronavirus pandemic, with bestsellers and well-known authors performing best. The post Sweden’s BookBeat Rides High on the Pandemic’s Audiobook Boom appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-04-20 13:45:35 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. Narrators Shiromi Arserio and Jason Carpenter are perfectly matched in this modern-day fairy... Continue reading at Literrary Hub
[ Literrary Hub | 2020-04-17 17:18:43 UTC ]
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