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 ]
If your fingers are itching to put together a puzzle and you're delighted by bookish things, get into these bookish jigsaw puzzles.- Jamie Canaves Continue reading at Book Riot
[ Book Riot | 2023-08-07 10:31:00 UTC ]
More news stories like this
HarperCollins Focus' Cris Garrido is opening HarperEnfoque, a Spanish-language imprint based in the United States. The post HarperEnfoque is HarperCollins’ New Spanish-Language Imprint appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-07-27 13:59:05 UTC ]
More news stories like this
The seven-year-old Seattle-based Libro.fm opens a Bookshop.org-style audiobook-selling service in the UK, Australia, and New Zealand. The post Libro.fm Opens, Audiobook Sales Through Local Bookstores appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-07-26 13:34:20 UTC ]
More news stories like this
In what is likely a record price for an audiobook publisher, KKR, the private equity firm that owns RBmedia—and a rumored contender to buy S&S—is selling the company for an alleged $1 billion sum. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-07-26 04:00:00 UTC ]
More news stories like this
HarperCollins Focus is launching HarperEnfoque. The new imprint, based in Nashville, will offer original works in Spanish as well as translations of bestselling English-language books, focused on "empowering lives and fostering change." Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-07-24 04:00:00 UTC ]
More news stories like this
This week's best tech deals include a couple of all-time lows on older but still worthwhile Apple gadgets, with the 9th-gen iPad on sale for $250 and the M1-powered MacBook Air available for $750. The Amazon Fire TV Stick 4K Max is a solid value for those in need of a cheap media streamer at... Continue reading at Engadget
[ Engadget | 2023-07-21 15:15:52 UTC ]
More news stories like this
Amazon Prime Day 2023 is almost here, but you can still snag some early deals before the two-day shopping event begins in earnest. We've rounded up the best early Prime Day deals we can find below. Remember that you'll need to subscribe to Prime to take advantage of many (but not all) of the... Continue reading at Engadget
[ Engadget | 2023-07-10 18:45:44 UTC ]
More news stories like this
Amazon Prime Day 2023 is a few days away on July 11th, but you don't have to wait until then to get a good deal. The company has started to roll out a few early Prime Day deals before the two-day shopping event officially commences, including, as expected, several discounts on its own devices... Continue reading at Engadget
[ Engadget | 2023-07-09 13:05:03 UTC ]
More news stories like this
Amazon Prime Day 2023 is a few days away on July 11th, but you don't have to wait until then to get a good deal. The company has started to roll out a few early Prime Day deals before the two-day shopping event officially commences, including, as expected, several discounts on its own devices... Continue reading at Engadget
[ Engadget | 2023-07-07 14:29:48 UTC ]
More news stories like this
Amazon Prime Day 2023 is one week away on July 11th, but you don't have to wait until then to get a good deal. The company has started to roll out a few early Prime Day deals before the two-day shopping event officially commences, including, as expected, several discounts on its own devices and... Continue reading at Engadget
[ Engadget | 2023-07-04 12:48:53 UTC ]
More news stories like this
HarperCollins ‘sincerely apologises’ to doctor for claims about Sydney private hospital in ABC journalist Steve Cannane’s bookFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastA long-running defamation case sparked... Continue reading at The Guardian
[ The Guardian | 2023-07-03 06:33:55 UTC ]
More news stories like this
The former president's lawyers contend that he was speaking in his personal capacity, not as president of the United States, when he gave a series or recorded interviews later used in the 2022 audiobook 'The Trump Tapes.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-07-03 04:00:00 UTC ]
More news stories like this
Amazon has announced that Prime Day 2023 will begin on July 11th, but you don't have to wait until then to get a good deal. The company has started to roll out a few early Prime Day deals before the two-day shopping event officially commences, including, as expected, several discounts on its own... Continue reading at Engadget
[ Engadget | 2023-06-30 15:20:45 UTC ]
More news stories like this
Amazon has announced that Prime Day 2023 will begin on July 11th, but you don't have to wait until then to get a good deal. The company has started to roll out a few early Prime Day deals before the two-day shopping event officially commences, including, as expected, several discounts on its own... Continue reading at Engadget
[ Engadget | 2023-06-23 16:30:09 UTC ]
More news stories like this
Almost 60 years after the publication of Where The Wild Things Are (November 23 will mark the rumpus), the world is getting a new children’s book from the late Maurice Sendak. HarperCollins Publishers will be releasing Ten Little Rabbits: A Counting Story with Mino the Magician, a count-along... Continue reading at Literrary Hub
[ Literrary Hub | 2023-06-22 13:53:52 UTC ]
More news stories like this
Rumors about a Spotify HiFi tier have been around since at least 2017, and the company even announced plans to launch such a feature in 2021 — only to back off the next year. Now, the company may finally be ready to launch a high-fidelity plan (dubbed "Supremium" internally) that would be its... Continue reading at Engadget
[ Engadget | 2023-06-20 12:38:47 UTC ]
More news stories like this
In a bit of déjà vu, HarperCollins and the private equity firm KRR, which both lost out to Penguin Random House when Simon & Schuster was initially put up for sale, are reported among the leading contenders to buy the publisher this time around. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-06-15 04:00:00 UTC ]
More news stories like this
Storytel invests in ElevenLabs, looking to offer automated audiobook readings and 'voice switching' for users between preferred voices. The post ‘AI Voices’ in Audiobooks: Storytel in ElevenLabs Partnership appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2023-06-13 21:58:52 UTC ]
More news stories like this
We Americans love to have ourselves a big old time. It's not just our waistlines that have exploded outward since the post-WWII era. Our houses have grown larger, as have the appliances within them, the vehicles in their driveways, the income inequalities between ourselves and our neighbors, and... Continue reading at Engadget
[ Engadget | 2023-06-04 14:30:20 UTC ]
More news stories like this
Audiobook publisher Sean McManus provides tips on how indie authors can benefit from the audiobook boom. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-06-02 04:00:00 UTC ]
More news stories like this