Scottish publisher Sandstone Press went into bankruptcy liquidation earlier this week, with its assets offered for sale by Hilco Valuation Services. The assets of the fiction-focused publisher have been acquired by Vertebrate, an adventure publisher, the Bookseller reports. Vertebrate hopes to retain ongoing rights to the list of about 230 titles, though at least one agent indicates to the Bookseller she has asked for a reversion of her author’s rights.
International News
Amazon Continues to Fight Minimum Shipping Fee in France
Amazon has appealed to the highest court in France, seeking to overturn a law that would impose a minimum €3 fee to ship books under €35, Reuters reports. The law is intended to protect independent retailers, which can’t match Amazon’s typical delivery fee of one cent. “This measure will deal a severe blow to the budgets of French people and will limit their access to books at a time when consumers’ purchasing power is one of their main worries,” Amazon France chief executive Frederic Duval told Reuters. The law is set to go into effect in October.
Imprints: Gutkind Verlag
German Bonnier Group is launching Gutkind Verlag, a new publishing house that will operate independently. The house will publish fiction and nonfiction books, with the first titles planned for 2024. Ulrike von Stenglin will join as founder and manager. She returns to Bonnier after positions at Ullstein and Hanser. CEO of the German Bonnier Group Christian Schumacher-Gebler says in a release, “I am very pleased to welcome Ulrike von Stenglin among Bonnier’s publishers and for her to take on the role of founding Gutkind. Ulrike von Stenglin has repeatedly demonstrated her talent for tackling new publishing projects courageously and shaping […]
WH Smith Owed £1M to Employees
UK books retailer WH Smith failed to pay the minimum wage to employees, the BBC reports. Of the more than 200 companies that the government said underpaid employees, WH Smith owed the most to workers–more than £1 million to more than 17,600 employees. The chain told the BBC that the mistake was due to misunderstanding the UK’s rules about uniforms and not reimbursing staff for required clothes that they purchased out of pocket. “Following a review with HMRC in 2019, and in common with a number of retailers, it was brought to our attention that we had misinterpreted how the […]
Vivendi Signs Deal to Sell Editis to IMI
On Friday, following clearance from the EU for Vivendi’s acquisition of Lagardere, the company announced they had executed the planned agreement to sell the publisher Editis to International Media Invest (IMI). That spinoff will require its own approval from the European Commission, though Vivendi says, “Completion is expected by early October 2023 at the latest.” IMI is owned by Czech billionaire Daniel Kretinsky. He also owns a 25 percent share in French-based retailer of books and other media, FNAC, and has reportedly expressed interest in buying a controlling share in the company. Vivendi needs to complete the sale of Editis […]
UK Gets New Coffee-Sponsored Book Awards
Following the demise of the Costa Book Awards in 2022, UK chain Caffe Nero is launching the Nero Book Awards, in four categories: debut fiction, fiction, nonfiction, and children’s fiction. The first shortlist will be announced in November, and the winners will be named in January 2024, honoring writing from the UK and Ireland. Former director of the Costa Awards Amanda Johnson will run the new program, which is being administered by the Booksellers Association, working in partnership with Brunel University London and Right To Dream.