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Finance: BN Education Sinks, More From Bertelsmann

The stock of Barnes & Noble Education was hit hard after their fourth quarter earnings report on Wednesday morning, falling over 20 percent to a new all-time low at the end of trading on Thursday, below $8 a share -- and still falling further in the first hour on Friday.…

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Quarto Falls on Profit Warning, and China Literature Heads for IPO

Ahead of reporting results for the first half of 2017,  Quarto Group warned that its earnings guidance "for 2017 and beyond has been set too high." That's due to both "a lower-than expected trading performance in the year to date" during "the ongoing soft retail environment" as well as an accounting…

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PRH Closes Ediciones B Purchase, Ingram Buys NBN's UK Distribution

Penguin Random House formally completed their acquisition of Ediciones B's imprints from Grupo Zeta (reportedly for 40 million euros), and those lines become part of Penguin Random House Grupo Editorial. (An investment group indicates that Ediciones B had sales of approximately 13 million euros in 2015.) Director-general of Ediciones B,…

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Ed Victor Agency Is Sold to Curtis Brown UK

Curtis Brown UK has acquired Ed Victor Ltd from his widow Carol Victor and the other shareholders. Carol Victor says in the announcement, "We are very pleased that Curtis Brown will assume the care of our distinguished clients and continue the work of servicing their back lists and looking after…

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People, Etc.

Former publishing executive Dick McCullough, 67, died last week following a battle with brain tumors. Mike Shatzkin has posted a testimonial to "the best leader I ever met in the corporate world." He notes: "Dick was not an unconventional person, but he loved eccentricity in other people. He wasn't a…

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Bookselling: New Stores, Financial and Legal Updates

After closing last fall, Guide to Kulchur will reopen in Cleveland, OH this month as a bookstore with a "black box space" next door. Founder RA Washington told Cleveland Scene that, with the support of local foundation, he hopes to make the new enterprise a non-profit organization. In addition to bookselling,…

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Briefs: Glasgow's Freight Books To Sell, and More

Glasgow publisher Freight Books is up for sale, with the owners saying potential buyers have come forward and a listing running inviting others to bid. Co-founder Adrian Searle left the company suddenly in April, citing "differences over strategic direction" and calling the publisher's future into question. Interim managing editor Robbie Guillory…

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Briefs: Swedish Chain Sold, Milo's Pre-Orders, and More

Sweden's largest bookseller Akademibokhandeln has been sold to industrial group Volati, which purchased control from Accent Equity (along with acquiring minority stakes from a group of companies, including publisher Natur & Kultur). With 108 stores, Akademibokhandeln is said to comprise 35 percent of Sweden's book sales. The group had sales…

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Harper Bolsters International Management

As part of the expanding global publishing program set in motion by the acquisition of Harlequin's operations around the world, HarperCollins ceo Brian Murray announced changes to the international leadership team "to align our structure with our strategy to realize our ambitious foreign language growth plans." Murray adds that, "This…

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People, Etc.

Brooks Sherman will join Janklow & Nesbit as a literary agent on May 23, continuing to represent fiction for young adult and middle-grade readers, picture books, select literary and commercial adult fiction, and nonfiction in the areas of humor, pop culture, and narrative nonfiction. Most recently he was an agent at The…

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