In Italy, former head of Bompiani Elisabetta Sgarbi’s publishing company The Ship of Theseus, which launched in early 2016, has acquired the renewed version of Baldini & Castoldi. (They bought 95 percent; Filippo Vannuccini retains a 5 percent share.) The publisher says the purchase and recapitalization of Baldini & Castoldi was down “just with [its] own resources” and “without any bank loans.” The Ship of Theseus was started with what Sgarbi said was “five to six million” euros of investment, some of which came from authors, including the late Umberto Eco. Michele Dalai leaves Baldini & Castoldi following the sale. Sgarbi, who serves as president of Baldini […]