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 ]
Glamour’s former books editor has set up a new literary salon with plans to expand across 18 counties. Continue reading at The Bookseller
[ The Bookseller | 2017-08-25 00:00:00 UTC ]
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Hello! I’m Carolyn Kellogg, books editor of the L.A. Times, and I’ve got some good reading — and listening! — for you over this long weekend. THE BIG STORY Writer Christopher Isherwood and his partner Don Bachardy wrote each other love letters that have been turned into the podcast “The Animals,”... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-07-02 00:00:00 UTC ]
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Big news as I’m writing this: Amazon purchased Whole Foods. Our business team is covering it here, if you’d like to read more. I’m Carolyn Kellogg, our books editor, with links to some of our stories this week. THE BIG STORY Don Winslow, author of “The Cartel” and other insightful thrillers about... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-06-17 00:00:00 UTC ]
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Through disruptive thinking, Jay Lauf and Sam Olstein have taken two of America's oldest brands to the forefront of media Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-02-24 00:00:00 UTC ]
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A social network for book lovers has launched in Argentina, and it's said to be gaining users across the Spanish-speaking world. The post Grandes Libros, a Spanish-Language Social Network for Book Fans appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-01-20 00:00:00 UTC ]
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Head of Zeus has established its own sales team to sell and market its books to independent and high street booksellers across the UK from the beginning of September. Continue reading at The Bookseller
[ The Bookseller | 2016-09-03 00:00:00 UTC ]
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From Atlantic Media to Politico, D.C. bureaus are swiftly loading up on reporters, and openings proliferate. The post Publishers Beef Up on Political Talent as Election Looms appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-07-15 00:00:00 UTC ]
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James Naughtie signs off his final BBC Radio 4 Today programme on Wednesday with an emotional tribute to his colleagues and listeners. Naughtie is to become Radio 4 special correspondent and books editor after 21 years of stewarding the channel’s flagship news and current affairs showListen to... Continue reading at The Guardian
[ The Guardian | 2015-12-16 00:00:00 UTC ]
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The publishing world has long seen programmatic as the realm of cheap, unsold inventory with far less revenue potential than what's sold through direct channels. But times are changing. Bauer Xcel Media, the U.S. arm the European magazine company, has shuttered its direct sales team in favor of... Continue reading at Digiday
[ Digiday | 2015-12-10 00:00:00 UTC ]
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Quarto Publishing Group UK has made a series of appointments to its sales team, as part of a restructure. John Stefani, previously business development director at Simon & Schuster will take on the role of sales director, while Geraldine McBride, previously trade sales director at Bonnier... Continue reading at The Bookseller
[ The Bookseller | 2015-06-18 00:00:00 UTC ]
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Simon & Schuster UK has changed the structure of its sales team, merging its adult and children's teams. The sales structure will now be split into two divisions, with one focusing on bookshop, online and digital sales, and the other targeting mass market and special sales. As part of the... Continue reading at The Bookseller
[ The Bookseller | 2015-06-16 00:00:00 UTC ]
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HarperCollins has made two appointments to its team in Ireland, with Mary Byrne promoted and Ann-Marie Dolan joining the sales team. Byrne, formerly HarperCollins Children's publicity director, will now become PR director, Ireland, taking responsibility for for the publicity strategy for the... Continue reading at The Bookseller
[ The Bookseller | 2015-05-22 00:00:00 UTC ]
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Phil Carroll, former head of book buying for Sainsbury's, is joining Pedigree Books Ltd as its interim head of sales. Pedigree Books, sister company to Pedigree Dolls & Toys, publishes annuals, yearbooks, learning and seasonal activity formats for children. Carroll will join the company on... Continue reading at The Bookseller
[ The Bookseller | 2015-04-30 00:00:00 UTC ]
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One of the biggest names in sports is letting other publications tap into its digital audience. ESPN and content recommendation platform Outbrain announced Thursday that the two signed a multi-year, global deal. And, because Outbrain is being integrated into ESPN's in-house sales platform, it... Continue reading at AdWeek
[ AdWeek | 2015-03-26 00:00:00 UTC ]
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Chipping Norton Literary Festival has appointed six new patrons, including literary agents Carole Blake and Natasha Fairweather, and Orion Fiction m.d. Susan Lamb. The new patrons will join the festival’s four founder patrons – Mark Billingham, Sue Cook, John Dougherty and Prue Leith. Joining... Continue reading at The Bookseller
[ The Bookseller | 2015-01-31 00:00:00 UTC ]
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Atlantic Media's business news site Quartz may draw the bulk of the headlines, but the company is trying a similar digital-first strategy with the niche but lucrative world of national defense trade publishing. The post Atlantic Media takes a page from Quartz with Defense One appeared first on... Continue reading at Digiday
[ Digiday | 2015-01-22 00:00:00 UTC ]
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The identities of the finalists for the Costa Short Story Award 2014 have been announced, with writers from England, Scotland, Wales and Northern Ireland making the shortlist. The shortlist was chosen by a panel of judges including writers Patrick Gale and Victoria Hislop; Richard Beard,... Continue reading at The Bookseller
[ The Bookseller | 2015-01-20 00:00:00 UTC ]
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Kurt Soller was promoted to editor of Bloomberg Businessweek's Etc. section. He'd been deputy editor of the section previously. Amelia Lester was promoted to executive editor of NewYorker.com. She'd been with the site since 2009. Time has named Meredith Long its publisher. Long had been leading... Continue reading at Folio Magazine
[ Folio Magazine | 2015-01-16 00:00:00 UTC ]
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Following the appointment of Sabrina McCarthy as senior v-p, group sales at Perseus Books, part of CEO David Steinberger's restructuring efforts, the publisher announced further reorganization to its sales division. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-11-12 00:00:00 UTC ]
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Kevin Nguyen, a former Amazon.com books editor who has just joined US ebook subscription service... Continue reading at The Bookseller
[ The Bookseller | 2014-09-04 00:00:00 UTC ]
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