HarperCollins announced on Wednesday the creation of its latest international branch based on top of Harlequin, HarperCollins Italia. The publisher bought out Mondadori’s 50 percent share in the 34-year-old Harlequin Mondadori joint venture. Mondadori said that Harper paid 6.7 million euros for the buyout, and each party took another 1.6 million euros in cash out of the business. The company is reported to have had sales of 9.1 million euros in 2014, with net income of 1 million euros. “The business will continue to publish romance under the iconic Harmony imprint, and expand its commercial trade publishing with titles from HarperCollins and Harlequin, as well as local authors,” the […]
