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Bonnier Acquires UK's Igloo Books

In the UK, Bonnier Publishing has acquired Igloo Books on undisclosed terms, adding £30 million in annual sales to create a group with £85 million in sales focused on children's books and adult fiction. The company says it will make them "one of the five largest children's publishers in the…

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Lagardere Boosts Stake In Russia's Azbooka-Atticus

Hachette Livre announced that it has increased its stake in Russian publisher Azbooka-Atticus, growing their 25 percent interest to a 49 percent holding in the company.Azbooka-Atticus is Russia's third largest publisher, publishing 2,000 titles a year, with Hachette reporting annual sales of over $50 million. The company says in the announcement, "The…

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Pearson "On Track," and PRH "Performed Well"

Pearson released a brief third quarter trading update (free of actual numbers, in the European style), showing sales for the first nine months up 1 percent at constant exchange rates and flat on an underlying basis, while declining on real terms because the pound was strong against the dollar earlier…

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Books Sales Fall Again At WH Smith, As Profits Improve

WH Smith reported preliminary results for fiscal 2014, with sales at their High Street stores falling 6 percent to £684 million. Book sales overall fell more, down 8 percent for the year as the "market continues to be challenging" (after declining 6 percent in the previous year). Same-store sales were…

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Briefs: Bloomsbury Considered Possible Osprey Buyer; Canongate 2013 Results; and More

On the heels of the Osprey Group selling off Angry Robot, Watkins, and Nourish earlier this month to entrepreneur Etan Ilfeld, the remaining divisions are still potentially up for sale, with Bloomsbury considered to be the most likely buyer, the Bookseller reports. They say the current speculation is that "both Bloomsbury…

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Harper Germany to Launch In 2015; Will Publish Silva In 16 Territories

HarperCollins is creating a HarperCollins Germany publishing program, expanding on the operation in Hamburg acquired as part of their purchase of Harlequin and launching in fall 2015 with approximately 50 Harper branded titles. The German initiative is itself just a first step, as Harper plans to take those 50 titles…

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Corporate: EC Investigates Amazon's Tax Break; Frankfurt News; and More

The European Commission "opened an in-depth investigation" into the 2003 sweetheart tax deal between Luxembourg and Amazon. This is not the tax loophole that lets Amazon sell digital goods across Europe at Luxembourg's low VAT rate, under the pretense that they are selling the items from that nation (and that…

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Corporate: Faber Press, Harper Takes Control of Nelson Brasil, and More

In the UK, Henry Volans will lead a new Faber Press division as director. It comprises poetry, drama, film and classical music publishing in all formats, and incorporates Faber Fine Press, Faber Finds, and Faber Digital as well. CEO Stephen Page says: "Henry takes on a very wide brief with this role, looking…

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Corporate: PRH Finalizes Objetiva Purchase; Amazon's WriteOn Beta; Authors Guild Met with DOJ; Core Source Adds Print Metadata

On October 1, Penguin Random House completed their acquisition of Brazilian trade publisher Objetiva, the final piece in their acquisition of the Santillana trade publishing business (the rest of which closed on July 1). As previously announced, CEO of Companhia das Letras Luiz Schwarcz will also oversee Objetiva, and Roberto Feith continues as general…

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People, Etc.

Laura Nolan has joined Kuhn Projects as an agent. She was until recently the head of the book division for Paradigm. President of Weldon Owen Terry Newell will retire as president after more than 15 years with the company. Succeeding Newell is Roger Shaw, currently vp, publisher, reporting to Bonnier…

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