The Egmont Publishing group announced Thursday it has decided to sell their Egmont USA division “as part of an overall strategic focus on market leading positions.” The company was established in 2008 and started publishing in 2009. The $900 million publishing division has decided “to invest in books and magazine businesses where Egmont can hold a leading market position.” CEO of Egmont Publishing International Rob McMenemy said in the announcement, “Since 2009, and starting from scratch, Egmont USA has built a children’s fiction and young adult fiction list, and it has a strong plan for the future under the excellent leadership […]
