Miami-based Mango Publishing is going out of business, founder Christopher McKenney announced in a letter to authors yesterday. The company took out high-interest loans during the pandemic, he writes, and since then have had to “navigate supply chain disruptions, high print price inflation, book market downsizing, losses from uncollectible accounts receivable, and more recently, even tariffs, while servicing the bank and other debts.” A team of consultants is managing the shut down, and the bank is liquidating all Mango assets “for their benefit.” The company has “exhausted all cash” and will not be able to pay down any debts or […]
