Penguin Random House Germany has acquired German craft and guidebook publisher Frechverlag from Weka Group. Terms of the deal were not announced. It is subject to antitrust approval and will have “retroactive economic effect as of January 1, 2021,” according to a release. Frech will remain independently operated out of its Stuttgart office. It has approximately 80 employees who will stay at the company, which will continue to be led by Michael Zirn as managing director. “The advice sector is of major strategic importance to us,” PRH Germany ceo Thomas Rathnow stated in a release. “Frechverlag, with its successful programs […]
