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 ]
A reader comes to terms with the role audiobooks play in her ability to be more mindful for the sake of her mental health, and considers reading life solutions. Continue reading at Book Riot
[ Book Riot | 2019-07-01 10:41:46 UTC ]
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HarperCollins has snapped up The Batch Bible and another book from Scottish YouTube home cook The Batch Lady, Suzanne Mulholland, in a six-figure pre-empt. Continue reading at The Bookseller
[ The Bookseller | 2019-06-26 22:57:55 UTC ]
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HarperCollins’ Martha Ashby has snapped up a novel about "women’s bodily autonomy, motherhood and societal expectations" from American author and Publishers Weekly reviewer Donna Freitas in a six-figure pre-empt. Continue reading at The Bookseller
[ The Bookseller | 2019-06-25 18:53:46 UTC ]
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Sweden’s Bonnier has announced a sweeping expansion in Europe of its BookBeat digital service, multiplying by seven times its former reach in terms of markets for audiobooks and ebooks. By Porter Anderson, Editor-in-Chief | @Porter_Anderson Service Has More Than 50,000 Audiobooks and Ebooks he... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2019-06-24 12:55:40 UTC ]
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Audiobook streaming service BookBeat has launched in 24 new European markets, making the service available in 28 countries overall. Continue reading at The Bookseller
[ The Bookseller | 2019-06-24 12:31:26 UTC ]
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HarperCollins has bought We Just Clicked, described as "a love story for the Instagram generation", and a second novel from romantic comedy author Anna Bell. Continue reading at The Bookseller
[ The Bookseller | 2019-06-20 23:59:03 UTC ]
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HarperCollins Children’s Books will this October start publishing a young fiction series set in a magical werewolf world. Continue reading at The Bookseller
[ The Bookseller | 2019-06-20 00:29:34 UTC ]
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New Writing North and Michael Morpurgo’s Farms for City Children are among seven charities sharing £100,000 donated by HarperCollins UK parent company News Corp UK, via the annual News Corp Giving programme. Continue reading at The Bookseller
[ The Bookseller | 2019-06-18 09:16:53 UTC ]
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A little under two years after its five-season run ended on BBC America, Orphan Black is returning with a bang, and probably loads more sound effects. Fiction publishing startup Serial Box is reviving the beloved sci-fi show this summer as a ten-epis... Continue reading at Engadget
[ Engadget | 2019-06-13 22:51:00 UTC ]
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Angelica Gonzalez used to read about a book a year. Then she discovered the Libby app, which allows anyone with a Los Angeles Public Library card to borrow e-books, audiobooks and other electronic media — for free. Now Gonzalez regularly checks out titles and transfers them to her Kindle.... Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-06-12 10:00:00 UTC ]
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Entertainment Monthly Meredith Corp. announced Thursday a "reimagining" of its 29 year-old magazine Entertainment Weekly, reducing its print edition's frequency to monthly in favor of heavier investment in its online platforms (though it will retain the Entertainment Weekly name) and replacing... Continue reading at Folio Magazine
[ Folio Magazine | 2019-06-06 18:49:55 UTC ]
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Tim Greco has been hired and Holly Ruck and Malati Chavali have been named to new positions at Macmillan, where the sales team has been undergoing an overhaul of late. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-06-05 04:00:00 UTC ]
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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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