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 ]
Chris Roush Talking Biz News Founder Ready to Pass the Torch Talking Biz News founder Chris Roush announced on Wednesday that he's ready to move on from the site, which tracks job changes and other day-to-day news in the field of business journalism. "After 14 years of running Talking Biz... Continue reading at Folio Magazine
[ Folio Magazine | 2019-05-16 16:55:48 UTC ]
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Hello, readers! Welcome to this week’s books newsletter from the L.A. Times. I’m Carolyn Kellogg, our books editor, with the word on some fascinating new books. THE BIG REVIEW What was it like to start out in the punk rock scene, be fascinated by the birth of hip-hop and wind up superstars?... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-10-27 00:00:00 UTC ]
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Economic pressures and social media are forcing the media to think twice about upsetting readersBy the time the 130,000 regular readers of the New York Review of Books picked up their new copy of the literary journal last week, the cover story had already cost the editor Ian Buruma his job. In a... Continue reading at The Guardian
[ The Guardian | 2018-09-23 00:00:00 UTC ]
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Hi — I’m Carolyn Kellogg, books editor of the L.A. Times. This week in print you’ll find the Fall Arts Preview — books included. THE BIG BOOKS This fall brings books from Michelle Obama, Jonathan Franzen, Haruki Murakami, Michael Connelly, Stephen King and more; see our picks of books you won’t... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-09-15 00:00:00 UTC ]
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DK is reorganizing its North American leadership structure, according to a letter from Mary Marotta, senior v-p, to staff. Among the changes is the appointment of Carol Stokke as the head of the sales team. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-13 00:00:00 UTC ]
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E-textbook platform Bibliotech has raised $4.2m in its latest funding round and plans to double the size of its 15-strong software and sales team in London over the next two years. Continue reading at The Bookseller
[ The Bookseller | 2018-09-11 00:00:00 UTC ]
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Hi, I’m Carolyn Kellogg, books editor of the L.A. Times, with the news in books this week. THE BIG STORY Raymond Chandler’s iconic private detective Philip Marlowe has been rebooted before, not particularly successfully, which made Lawrence Osborne reluctant, at first, to take the case. But as... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-07-22 00:00:00 UTC ]
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The digital media company founded in 2012 will now be part of a publicly traded Japanese firm. Atlantic Media has agreed to sell its business-and-tech news outlet Quartz to publicly traded Japanese firm Uzabase, in a deal worth between $75 million and $110 million. The deal is set to close... Continue reading at Fast Company
[ Fast Company | 2018-07-02 00:00:00 UTC ]
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Welcome to the Books newsletter from the L.A. Times! I’m Carolyn Kellogg, Books editor, with the latest. THE BIG STORY Bestselling novelist Megan Abbott, known for her psychological thrillers like “Dare Me,” explores the allure of true crime, books like Michelle McNamara’s “I”ll Be Gone in the... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-06-16 00:00:00 UTC ]
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Penguin Random House and Netflix are teaming up in an effort to take book fans to the Upside Down. “Stranger Things” will be moving from the small screen to the page when the publisher and the entertainment company roll out a number of books based on the hit science fiction series, Deadline... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-06-12 00:00:00 UTC ]
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Hi, all! Carolyn Kellogg, books editor here, back from a trip to Helsinki, Stockholm and Paris with the not-at-all groundbreaking news that these are delightful cities. Yes, I shopped at Paris’ Shakespeare and Company, but not enough — when decided I needed to return for more books, I couldn’t... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-06-02 00:00:00 UTC ]
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Summersdale’s sales and export director Nicky Douglas will be leaving the company on 29th March after more than 14 years in the role. Continue reading at The Bookseller
[ The Bookseller | 2018-03-29 00:00:00 UTC ]
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Good morning! I’m Carolyn Kellogg, books editor of the L.A. Times, with this week’s newsletter. THE BIG STORY Barry Gifford is famous for his tales of outsiders, including Sailor and Lula in “Wild at Heart.” Jim Ruland sits down with the author in his Berkeley studio to talk about his... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-03-17 00:00:00 UTC ]
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Hello! This week in books, things are a bit quiet, and in print, we gave a page to our colleagues in film for our Academy Awards coverage. I’m Carolyn Kellogg, books editor, and this week’s newsletter will be a quick one. THE BIG REVIEW Walter Mosley is widely known for his Easy Rawlins series,... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-03-03 00:00:00 UTC ]
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Unbound is bringing its sales and distribution arms in-house and has strengthened its sales team with two new hires. Continue reading at The Bookseller
[ The Bookseller | 2018-03-01 00:00:00 UTC ]
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HarperCollins’ group sales director Oliver Wright has left the company with immediate effect. In a short statement issued on Friday (9th February), a spokesperson for the publisher said Wright had departed to “pursue other opportunities”. The sales team will report to HarperCollins c.e.o.... Continue reading at The Bookseller
[ The Bookseller | 2018-02-10 00:00:00 UTC ]
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City A M has launched a monthly book review section and appointed Francesca Washtell as its books editor. Continue reading at The Bookseller
[ The Bookseller | 2018-01-16 00:00:00 UTC ]
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Greetings and salutations! I’m Carolyn Kellogg, Books editor of the L.A. Times with this week’s books newsletter. CRITICS PICKS This week the entire Sunday Calendar section is taken up with critics picks for the year in film, television, theater, music, art — and books. Seven of our Critics at... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-12-16 00:00:00 UTC ]
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Hello! I’m Carolyn Kellogg, books editor of the L.A. Times. Let’s get to this week’s newsletter. THE BIG STORY Matthew Weiner concluded “Mad Men,” the show he created, with a shelf of Emmys and the ability to do anything he wanted. It’s not as easy as it sounds, he told Meredith Blake, explaining... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-11-04 00:00:00 UTC ]
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The multimedia medical communications company has expanded to address customer data. The post Frontline Medical Communications Expands Digital Publishing and Sales Team appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-09-14 00:00:00 UTC ]
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