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 ]
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The Man Booker Prize for Fiction (October 16) is preceded by a series of events with shortlisted authors, and London Book Fair has opened its search for its official 2019 literacy charity. The post Industry Notes: Man Booker’s Shortlisted Authors, London Book Fair’s Literacy Charity appeared... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-10-01 00:00:00 UTC ]
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The United States is ready for implementation of the Marrakesh Treaty, pending a presidential signature. Meanwhile, Bologna gets an award and Knights Of gets a new book series. By Porter Anderson, Editor-in-Chief | @Porter_Anderson 40 Nations Have Ratified and Implemented Marrakesh he... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-09-28 00:00:00 UTC ]
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As the world's largest book industry trade show prepares to undergo some construction updates in coming years, this year's longtime Frankfurt sponsor announces key programming events for the upcoming book fair. The post Industry Notes: Copyright Clearance Center’s Frankfurt Programming; Changes... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-09-27 00:00:00 UTC ]
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Kuala Lumpur is the 2020 World Book capital; more political books in the US released and compete with growing sales of Woodward's 'Fear'; and PRH has a new CFO. The post Industry Notes: 2020 World Book Capital; Political Book Sales in the US; PRH Names New CFO appeared first on Publishing... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-09-21 00:00:00 UTC ]
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Having tested the program on an invitational basis for three months, Amazon rolls out its children's book boxes offer to the US Prime membership. And the Library of Congress holds its annual National Book Festival this weekend. The post Industry Notes: Amazon ‘Prime Book Boxes’ for Children;... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-08-31 00:00:00 UTC ]
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A new Penguin Random House site for educators markets curriculum-relevant titles from both the frontlist and backlist. And two programs are providing tens of thousands of Cengage's new subscription to students. The post Industry Notes: Penguin Random Opens Education Site, Cengage Unlimited... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-08-29 00:00:00 UTC ]
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This is the second year of operation for Germany's Buchtrailer Awards and the third year for the UK's Republic of Consciousness Prize for small presses. Both niche programs have opened for submissions. The post Industry Notes: Germany’s Buchtrailer Awards and the UK’s Republic of Consciousness... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-08-17 00:00:00 UTC ]
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Is New York magazine for sale? A spokeswoman for New York Media has confirmed that the Wasserstein family is considering "investment interest and strategic opportunities" and "evaluating the market" following reports that New York magazine and its digital offshoots are up for sale. Bruce... Continue reading at Folio Magazine
[ Folio Magazine | 2018-08-15 00:00:00 UTC ]
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The magazine publisher will be competing with entertainment conglomerates, consulting firms and ad agencies for new revenue. The post Conde Nast’s turnaround plan faces hurdles appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-08-14 00:00:00 UTC ]
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The four independent publishers announced as new additions to Ingram Publishers Services clients show a range of visual and topical idiom, two of them with roots in Europe. The post Industry Notes: Ingram Publisher Services Announces New International Illustrated Presses appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-08-09 00:00:00 UTC ]
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Western Michigan University's Medieval Institute Publications announces a marketing partnership with De Gruyter, as Cambridge University Press sees digital reaching 'close to 40 percent of total sales.' The post Industry Notes: De Gruyter Partnership with Medieval Institute; Cambridge Cites... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-08-08 00:00:00 UTC ]
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The New York Times is out with a grim scoop from medialand this afternoon in a post headlined "Facing Losses, Cond Nast Plans to Put 3 Magazines Up for Sale." Oddly enough, you have to dive pretty deep into the story by Edmund Lee and Sapna Maheshwari to find out which three mags. So we... Continue reading at Advertising Age
[ Advertising Age | 2018-08-02 00:00:00 UTC ]
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In Germany, Matthäus Cygan moves from digital direction at Random to business development at Frankfurter Buchmesse, and in the States, Kristin Fassler moves from Ballantine to Atria in marketing. The post Industry Notes: Cygan Joins Frankfurter Buchmesse; Fassler Goes to Atria appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-07-25 00:00:00 UTC ]
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The 10-year-old Düsseldorf University Press is acquired by Berlin's De Gruyter, while a US independent publisher of Mo Yan and Octavio Paz is to be distributed by Simon & Schuster. The post Industry Notes: Germany’s De Gruyter Buys Düsseldorf; S&S Distributes Skyhorse appeared first on... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-07-23 00:00:00 UTC ]
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Princeton University Press announces its PUP Audio division with four frontlist titles for the fall. And Penguin Random House Ireland partners with the charity Fighting Words on a student anthology. The post Industry Notes: Princeton Press Opens Audio Division; PRH Ireland Supports Fighting... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-07-10 00:00:00 UTC ]
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The creator of television's 'CSI' franchise and his wife create a new series of teen-told tales as graphic novels, Simon & Schuster distributing. And Sweden's still young Thunderful Publishing has a new acquisition in Rising Star Games. The post Industry Notes: Zuiker Press’ Issue-Based... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-07-05 00:00:00 UTC ]
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In a new direct-to-consumer curated outreach effort, Simon & Schuster will promote content across all its imprints. And Privateer's games are the basis for new GraphicAudio audiobooks. The post Industry Notes: Simon & Schuster’s New Book Club; GraphicAudio Plans Audiobook Tie-Ins... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-06-29 00:00:00 UTC ]
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Fifty years of Man Booker Prize for Fiction winners have been sorted down to a shortlist, and you can help crown the 'Golden' book. And some of this year's Audie Award winners are now playing on 'Beyond the Book.' The post Industry Notes: UK’s Golden Booker Voting Is Closing; AudioFile’s Whitten... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-06-25 00:00:00 UTC ]
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Teaser text Image By Porter Anderson, Editor-in-Chief | @Porter_Anderson subhed f you’ve spent any time lately thinking that the political nightmares of the day surely have been good for some book sales–you take your silver linings where you can find them, right?–a new report from the NPD... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-06-21 00:00:00 UTC ]
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The winner of the second iteration of the Albertine Prize for French literature translated into English is announced in New York, as six guest curators are named in the UK for this year's Cheltenham Literature Festival. The post Industry Notes: Garréta, Ramadan Win 2018 Albertine; Curators... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-06-14 00:00:00 UTC ]
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