Earlier this month, Lagardere published their full annual report (478 pages long) which offers additional detail on the performance of the publishing division. Notably, due to a combination of the recent Workman acquisition, the unusual strong US dollar, and a weaker performance in France, for the first time ever Hachette Book Group USA generated more revenue for the company than Hachette Livre in France. Sales in the US and Canada reached €867 million, compared to €734 million in 2021 (though in dollars, that converts to sales of roughly $913 million in 2022, and $868 million in 2021; their acquisition of […]
