HBG USA ceo Michael Pietsch wrote to staff with new year’s greetings instead of a holiday year-end letter, noting highlights of 2016–led by the acquisition of the Perseus Books imprints, which bolstered their “primary strategic goal” of growing the company. Without the Perseus titles, core HBG sales “decreased somewhat from 2015, primarily from declines in ebook and paperback sales and the transition of Yen Press to a joint venture.” But Pietsch says that core profits grew “by around 25 percent,” due in part to “care with costs,” with Perseus adding to both sales and profits. Looking ahead, he promises “we will soon […]
