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 ]
Michelle Obama's Becoming (Penguin) was Audible's most downloaded audiobook for the week ending 12th April, with the self-narrated autobiography continuing on from its success across 2018 and 2019. Continue reading at The Bookseller
[ The Bookseller | 2020-04-16 04:23:02 UTC ]
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Investigate the history of American cuisine, indulge in neighborhood drama, and find reconciliation between enemies in our April audiobook picks. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2020-04-15 21:02:05 UTC ]
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Investigate the history of American cuisine, indulge in neighborhood drama, and find reconciliation between enemies in our April audiobook picks. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2020-04-15 21:02:05 UTC ]
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Investigate the history of American cuisine, indulge in neighborhood drama, and find reconciliation between enemies in our April audiobook picks. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2020-04-15 21:02:05 UTC ]
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Publisher HarperCollins has confirmed that it is placing a number of staff on furlough, both in its distribution centre and across the broader company. Continue reading at The Bookseller
[ The Bookseller | 2020-04-09 10:15:57 UTC ]
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HarperCollins imprint Avon is to publish Clare Marchant's debut The Secrets of Saffron Hall. Continue reading at The Bookseller
[ The Bookseller | 2020-04-06 00:16:57 UTC ]
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HarperNonFiction is releasing an early audiobook edition of Adam Buxton's memoir in May—its first to be recorded entirely remotely. Continue reading at The Bookseller
[ The Bookseller | 2020-04-01 21:06:52 UTC ]
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HarperCollins has announced its intention to acquire Egmont Books UK for an undisclosed sum, alongside Egmont’s book businesses in Poland and Schneiderbuch Germany. Continue reading at The Bookseller
[ The Bookseller | 2020-04-01 18:47:00 UTC ]
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Under an agreement set to close April 30, HarperCollins will buy Egmont Books UK, Egmont’s book business in Poland, and the German unit Schneiderbuch. All three focus on the children's market. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-04-01 04:00:00 UTC ]
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Orion has bagged the "visceral, sharp and achingly funny" debut of Kirsty Capes, a 26-year-old marketer at HarperCollins. Continue reading at The Bookseller
[ The Bookseller | 2020-03-27 06:01:58 UTC ]
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Rachel Denwood, who spent a decade helping to build HarperCollins Children’s Books into a big-brand kids’ giant, is looking to build a broader base of hits in her new role at Simon & Schuster Continue reading at The Bookseller
[ The Bookseller | 2020-03-27 05:21:13 UTC ]
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HarperCollins division Avon Books has re-signed author Sue Moorcroft in a three-book deal. Continue reading at The Bookseller
[ The Bookseller | 2020-03-26 17:41:45 UTC ]
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BISG surveys the impact on publishing of the COVID-19 emergency, and Hachette, Simon & Schuster, and HarperCollins withdraw from BookExpo. The post BookExodus: More Big Five Withdrawals, and BISG Opens a COVID-19 Survey appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-03-26 14:30:42 UTC ]
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Pages & Co author Anna James has created an online and interactive middle-grade book club called The Bookwanderers Club, supported by her publisher HarperCollins Children's Books. Continue reading at The Bookseller
[ The Bookseller | 2020-03-26 10:05:59 UTC ]
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The audiobook version of Shola Von Reinhold's debut, Lote (Jacaranda), will feature narration from award-winning “Fresh Meat” star Zawe Ashton. Continue reading at The Bookseller
[ The Bookseller | 2020-03-25 17:44:53 UTC ]
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So you wanna take a queer road trip (like to every shooting location for both L Words) and are looking for audiobook companions, or—probably more accurately given the current pandemic of it all—you wanna hole up in your house alone for days on end, scouring the queer literary canon for... Continue reading at Literrary Hub
[ Literrary Hub | 2020-03-24 08:48:34 UTC ]
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Get ready for hours of listening because we've rounded up some of the very best audiobook series in a variety of genres for readers of all ages. Continue reading at Book Riot
[ Book Riot | 2020-03-23 10:37:15 UTC ]
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One audiobook listener scoured the internet and came up with this list of the best websites offering good audiobook reviews. Continue reading at Book Riot
[ Book Riot | 2020-03-23 10:34:10 UTC ]
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Quercus has announced that actresses Alison Steadman and Daisy Edgar-Jones will voice the audiobook for Beth O’Leary’s second novel, The Switch. Continue reading at The Bookseller
[ The Bookseller | 2020-03-22 19:29:39 UTC ]
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Looking for ways to entertain kids and teens at home? Audible has launched Audible Stories, a free service that offers family-friendly educational and entertaining audiobook content. Continue reading at Book Riot
[ Book Riot | 2020-03-19 19:24:21 UTC ]
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