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 ]
News tagged with:
#book fans
#fionnuala barrett
#atlantic media
#sales team
#digital pricing
#current openings
#books editor
#audiobook
#harpercollins
The next two-year post as Children's Literature Laureate in Australia is taken up by Morris Gleitzman, as the American Literary Translators Association announces deadlines for its competitions' entries. The post Industry Notes: Australia’s New Children’s Laureate, America’s 2018 Literary... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-02-13 00:00:00 UTC ]
More news stories like this |
The first of this year's The ARTS+ events is scheduled for later this week during the Berlinale. And in April, London Book Fair's Quantum conference will feature keynote events with headliners from three disciplines. The post Industry Notes: The ARTS+ at Berlinale; Goodwin, Shelley, Andoh at... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-02-11 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#quantum conference
In France, a new exhibition on Arab comics launches at the Angoulême Comics Festival. And in the States, Scholastic's new nonfiction imprint will tackle history and social issues for children. The post Industry Notes: Angoulême Focus on Arab Comics; Scholastic’s New Nonfiction Imprint appeared... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-02-05 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#nonfiction imprint
#social issues
Fred Santarpia, Conde Nast's chief digital officer, discussed the publishing giant's paywall strategy, e-commerce plans and more. The post More paywalls are ‘highly likely’: A Digiday+ Slack town hall with Conde Nast’s Fred Santarpia appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-02-02 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#conde nast
#publishing giant
The Awl shuts its doors, Hanley Wood expands its data offerings, Cole Publishing acquires several Grand View titles, and more from around the industry. The post Hearst To Lay Off 145 Former Rodale Staffers | Industry Notes appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2018-01-17 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#post hearst
After more than a decade of visits to CES, the tech-focused publisher will help Vogue, Allure and Bon Appetit show off their tech-y sides to advertisers. The post Why Wired is hosting its Conde Nast sister brands at CES this year appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2018-01-09 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#year appeared
Photographer Terry Richardson, whose often risqu images have been featured in A-list fashion magazines as well as in ad campaigns for leading fashion brands, is under investigation by the New York Police Department, according to a report that appears in this morning's Daily News. The paper's... Continue reading at Advertising Age
[ Advertising Age | 2018-01-03 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#sexual assault
#miley cyrus
#president obama
#telegraph reported
Another magazine faces a freelancer crisis, how driverless cars could affect media consumption, and more... The post Time Inc. Sells Golf Magazine: Report | Industry Notes appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-12-15 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#post time
#magazine faces
Bookwire expands its ebook distribution business in Spain. And a new survey finds that American libraries see rising demand for non-English language content. The post Industry Notes: Bookwire Partners With HarperCollins Ibérica; US Libraries Seek Non-English Content appeared first on Publishing... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-12-11 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#bookwire expands
#survey finds
At Mexico’s Guadalajara International Book Fair, which runs through Sunday, Paul Auster has talked of turning to novels after ‘hitting a wall’ with poetry. And Amazon Publishing introduces a new imprint for short-form work. By Adam Critchley And Porter Anderson, Editor-in-Chief |... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-11-29 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#paul auster
#amazon publishing
#porter anderson
In Rome, a North American publisher joins its Italian founder in a new English-language bookshop. And in Rotterdam, Sweek launches another competition. The post Industry Notes: Europa Editions’ New Rome Bookstore; Sweek’s ‘Romantasy’ Contest appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-11-16 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#europa editions
#english-language bookshop
The key event in the US National Book Foundation's annual awards program is the ceremony on Wednesday evening (November 15) in New York City. The post Industry Notes: National Book Award Live Stream Wednesday appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-11-14 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#key event
German publisher Bastei Lübbe has pulled its investment of mobile storytelling platform Oolipo, once heralded as "the offspring of a love-affair between Netflix, YouTube, and a Snapchat Story", after it failed to gain traction with users and capture the attention of further investors. Continue reading at The Bookseller
[ The Bookseller | 2017-11-09 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#gain traction
Acquired by Macmillan last year, Pronoun was a no-cost-to-authors self-publishing platform developed from the multimedia company Vook. The post Industry Notes: Macmillan’s Pronoun Self-Publishing Platform Signs Off appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-11-07 00:00:00 UTC ]
More news stories like this |
Feminism Has No Boundaries' is the title of France's Albertine Books festival this week, as Cynthia Nixon is named Naitonal Book Awards host. The post Industry Notes: Cynthia Nixon Hosts US National Book Awards; Albertine Opens Festival appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-11-01 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#cynthia nixon
As the post-Frankfurt part of the world publishing autumn conference season rolls on, here are notes on several events in Europe, Asia, and North America. The post Publishing Industry Conference Notes: Paris, Singapore, Philadelphia, London appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-10-25 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#london appeared
Rachael Ray Everyday gets a redesign, a jaded UK columnist goes for some creative revenge, and more news of interest from around the magazine world... The post NJ Regional Mag Cancels Ill-Conceived Panel | Industry Notes appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-10-25 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#magazine world
At Wattpad, a new premium subscription is being rolled out for the US and Canadian markets; BookExpo and BookCon call for program submissions. The post Industry Notes: Wattpad Opens a Paid Subscription, BookExpo Calls for Submissions appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2017-10-19 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#submissions appeared
#canadian markets
Meredith's CEO discusses the MPA's latest campaign, Bauer Publishing wins in court, and other headlines from around the world of magazines. The post National Magazines Take On the Harvey Weinstein Scandal | Industry Notes appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2017-10-18 00:00:00 UTC ]
More news stories like this |
The BBC and Dennis Publishing were close behind, with two wins each. See the full list of winners. The post Conde Nast Britain leads the first Digiday Publishing Awards Europe with three wins appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2017-10-05 00:00:00 UTC ]
More news stories like this | News stories tagged with:
#dennis publishing
#full list