As expected, Indigo shareholders voted to approve the sale of the Canadian bookselling chain to Trilogy Investments, formalizing a plan that was set in motion in February. “We are pleased with the result of today’s vote and look forward to continuing our work on Indigo’s transformation strategy,” CEO Heather Reisman said in a release. “We remain deeply committed to our customers and to all our stakeholders as we work together to inspire reading and enrich the lives of booklovers across the country.” The deal is expected to be effective on May 31 after regulatory approval.
Distribution: Six to IPG
As of May 1, Curtis Press is sold and distributed worldwide, excluding the United Kingdom and North America, by Independent Publishers Group. Beginning July 1, IPG will distribute Upriver Press worldwide; Belle Point Press worldwide; New India Publishing Agency (NIPA) worldwide excluding India; and Emmaus Academic worldwide excluding North America and Oceania. GracePoint Publishing will be distributed worldwide by IPG starting September 1.
New York Times Best So Far
The New York Times released its list of the best books of 2024 so far.
New Books Publishing May 28
This week’s fiction releases include new books by John Grisham, Garth Risk Hallberg, and David Nicholls, while Jon Meacham and Darius Rucker publish new nonfiction works, along with Sara B. Franklin’s biography of editor Judith Jones. Also out this week is THE SWITCH by Lily Samson, excerpted in our Buzz Books 2024: Spring/Summer anthology. 17 works of fiction https://bookshop.org/lists/new-fiction-publishing-may-28 6 works of nonfiction https://bookshop.org/lists/new-nonfiction-publishing-may-28 From Buzz Books https://buzz.publishersmarketplace.com/ We consult a number of sources in compiling our weekly lists and PM members can see our lists for the coming months on […]
People 5/24
At Harper Children's, Elizabeth Agyemang, Carolina Ortiz, and Sara Schonfeld have been promoted to editor.
BNED Releases Preliminary Fourth Quarter Data, Loses More Money
Barnes & Noble Education released preliminary results for the fiscal year ended April 27. Sales are expected to comprise $236 million for the fourth quarter — compared to $242 million a year ago — and the net loss from continuing operations was roughly $28.5 million, capping yet another year of losses. For the full year, they expect sales to register $1.567 billion, compared to $1.543 billion the year before. The net loss from continuing operations is estimated at $(63) million (with no data for now on the total loss), compared to $(90) million a year ago. Non-GAAP adjusted EBITDA was […]