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June 6, 2017By Michael Cader

Briefs: Swedish Chain Sold, Milo’s Pre-Orders, and More

June 6, 2017By Michael Cader

Sweden’s largest bookseller Akademibokhandeln has been sold to industrial group Volati, which purchased control from Accent Equity (along with acquiring minority stakes from a group of companies, including publisher Natur & Kultur). With 108 stores, Akademibokhandeln is said to comprise 35 percent of Sweden’s book sales. The group had sales last year of approximately $208 million, with ebitda of over $14 million. Though the purchase price was not disclosed, the press release says the chain has an enterprise of about 760 million Swedish krona, or about $88 million. BookNet Canada released their annual survey on the state of digital publishing […]

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Filed Under: Authors, Finance, International News

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