Canadian retailer Indigo reported sales for their fiscal first quarter, ending June 30, with sales of $205.4 million (CA), down $1 million and below expectations of a modest gain, as the company swung to an adjusted EBITDA loss of $13.3 million, and a pre-tax loss of $20.7 million (versus a loss of $7 million a…
International News
Deja Vu All Over Again: Vivendi Negotiates to Buy Editis
In reporting half year results, French conglomerate Vivendi announced that they are in “exclusive negotiations with Grupo Planeta” to acquire the French book publishing division Editis. (Once upon a time, Editis was owned by a different incarnation of Vivendi, Vivendi Universal Publishing, which also used to own Houghton Mifflin. Hachette Livre bought and retained 40…
People, Etc.
At the Penguin Random House US Finance Group, Justine LeCates has been appointed vice president, director of US finance. In the newly created position, she’ll be responsible for overseeing the US division’s financial planning & reporting, analysis and financial Systems. Yvonne Ricciuti has been promoted to senior director of financial systems. In the Random House Publishing Group publicity department, Jennifer…
Another Reshuffling: Bonnier’s UK Publishing Will be Just Bonnier Books UK, Under Existing CEO Mann
Five months after the dismissal of Bonnier Publishing group ceo Richard Johnson, the company has decided to eliminate his position entirely. The UK-based book publishing group is renaming and rebranding the troubled division Bonnier Books UK. Perminder Mann, who was already ceo of the operating units, continues as ceo with the group now reporting straight to Bonnier…
People
Powell’s Books ceo Miriam Sontz will retire in January 19, six years after her promotion. Powell’s president and owner Emily Powell and coo John Kingsbury will lead the company once Sontz, who spent more than 34 years with the company, departs. In a statement, Powell thanked Sontz “for her vision and leadership. Her particular impact…
People, Etc.
Taneli Ruda has joined Wiley as evp, chief strategy officer, where he will help to define and accelerate the next phase of the company’s growth. Ruda most recently served as head of corporate strategy at Thomson Reuters, with responsibility for defining the company’s portfolio and growth strategies, and driving company-wide M&A. “Taneli is an exceptional…