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 ]
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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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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