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 ]
In her new audiobook “Self-Tanner for the Soul,” the quasi-reformed party girl tells listeners that you can, in fact, run away from your problems. Continue reading at The New York Times
[ The New York Times | 2019-10-16 16:00:15 UTC ]
More news stories like this
Audio dominates the shortlists for this year’s prestigious FutureBook Awards, with seven podcasts, and seven audiobooks shortlisted along with the campaign for the launch of the Penguin Classics audiobook series, and start-ups NoisyBook and DeepZen. Continue reading at The Bookseller
[ The Bookseller | 2019-10-16 15:52:38 UTC ]
More news stories like this
Editor of The Bookseller Philip Jones will interview former indie publisher turned audiobook pioneer Mark Pearson at the Frankfurt Book Fair, ahead of the announcement of the shortlists for this year’s FutureBook Awards. Continue reading at The Bookseller
[ The Bookseller | 2019-10-16 14:44:34 UTC ]
More news stories like this
The audiobook version of “Catch and Kill” features first-rate reporting and some wince-worthy character work. (You do NOT want to hear him do Trump’s voice.) What: The least necessary vocal inflection in recent memory.Read Full Story Continue reading at Fast Company
[ Fast Company | 2019-10-16 14:20:58 UTC ]
More news stories like this
The Swedish Company is leading a booming digital audiobook subscription market in Europe. But is the digital subscription business sustainable for publishers? Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-10-16 04:00:00 UTC ]
More news stories like this
HarperCollins has triumphed in a nine-way auction to publish Girl A by slushpile debut author Abigail Dean, with international rights sold in seven territories as well as an ongoing auction in Brazil and offers in Portugal and Israel. Continue reading at The Bookseller
[ The Bookseller | 2019-10-15 18:13:43 UTC ]
More news stories like this
Publisher HarperCollins says Back is first and only account ‘directly from’ US golferFresh from a startling career comeback after years of battling injuries, sex addiction and tabloids, Tiger Woods has announced a new memoir titled Back in which he promises to tell his “definitive story”.The... Continue reading at The Guardian
[ The Guardian | 2019-10-15 15:31:34 UTC ]
More news stories like this
HarperCollins has landed world rights to golf legend Tiger Wood’s first ever memoir, entitled Back, promising the "definitive" story of his career, fall and comeback. Continue reading at The Bookseller
[ The Bookseller | 2019-10-14 21:07:47 UTC ]
More news stories like this
The Edmund Kemper, audiobook narrator story is sensational. The work of The Blind Project, though, is vital, important, and worth knowing. Continue reading at Book Riot
[ Book Riot | 2019-10-14 10:35:39 UTC ]
More news stories like this
Harvard University Press and HarperCollins India have launched a new collaboration in South Asia today. Continue reading at The Bookseller
[ The Bookseller | 2019-10-10 05:45:01 UTC ]
More news stories like this
HarperCollins UK has unveiled new initiatives as part of its ongoing support for The Literacy Project and has joined Penguin Random House UK in a ranking of employers in 2019 who have taken the most action on social mobility in the workplace. Continue reading at The Bookseller
[ The Bookseller | 2019-10-08 08:59:21 UTC ]
More news stories like this
HarperCollins has pre-empted two novels by Sunday Times columnist, author and podcaster Emma Gannon. Continue reading at The Bookseller
[ The Bookseller | 2019-10-07 04:59:53 UTC ]
More news stories like this
Exclusive research into the growing audiobook market conducted by Harris Interactive is to presented at FutureBook Live 2019, The Bookseller's publishing conference. The study, along with panels on audiobook recording, commissioning, new technology, retailing, and podcasting will form the basis... Continue reading at The Bookseller
[ The Bookseller | 2019-10-06 08:41:01 UTC ]
More news stories like this
Actor Anthony Daniels, famed for his role as C-3PO in the “Star Wars” films is reading the audio version of his autobiography – which will also see director J J Abrams narrate his foreword. Continue reading at The Bookseller
[ The Bookseller | 2019-10-04 15:22:38 UTC ]
More news stories like this
HarperCollins has begun selling a "limited number" of backlist e-books via Amazon’s £7.99 a month subscription e-book service Kindle Unlimited in the UK and Australia in a major shift from one of the big publishers. Continue reading at The Bookseller
[ The Bookseller | 2019-09-30 20:49:12 UTC ]
More news stories like this
With over 35 years of experience, most recently as founder of the literary management agency D. C. Jacobson and Associates, Don Jacobson has been named senior v-p and books group publisher for HarperCollins Christian Publishing and its affiliate, HarperCollins Focus. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-09-30 04:00:00 UTC ]
More news stories like this
In a survey of 1,502 American adults conducted from January 8 to February 7 this year, Pew found that 20% of adults listened to an audiobook in the 12 months prior to the time the survey was conducted. In 2011, only 11% of adults said they listened to an audiobook. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-09-27 04:00:00 UTC ]
More news stories like this
A federal judge is set to weigh in on whether the controversial audiobook program amounts to copyright infringement—and publishers are feeling good about their chances. But should they? Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-09-27 04:00:00 UTC ]
More news stories like this
HarperCollins has signed a two-book deal with spy fiction writer Charles Cumming. Continue reading at The Bookseller
[ The Bookseller | 2019-09-25 07:41:32 UTC ]
More news stories like this
HarperCollins will publish a book by the Queen’s personal advisor and in-house designer Angela Kelly, who has worked with the Royal Household for 25 years. Continue reading at The Bookseller
[ The Bookseller | 2019-09-22 16:34:27 UTC ]
More news stories like this