In a different type of strategic acquisition, Pearson Australia has acquired the online bookselling and ebook businesses of the bankrupt REDGroup retail, which includes the online stores for Borders Australia and Angus & Robertson. (The sites are http://www.borders.com.au/ and http://www.angusrobertson.com.au/.) They intend to retain 16 staff members associated with the businesses, and will run the two sites separately for now. Pearson also has an agreement with REDGroup’s ebook partner Kobo. While it’s not entirely clear if they will continue to use Kobo as their vendor (REDGroup was an investor in Kobo as well), it will at a minimum give “customers continued […]
International News
Amazon Has Deal to Acquire UK’s The Book Depository
Amazon has made yet another strategic acquisition that was just lying there within easy grasp of many others as well, bound to the extend the company’s strong hand in sales of English-language books around the world. They have an agreement to acquire the fast-growing UK-based The Book Depository, for undisclosed terms. Amazon vp of European Retail Greg Greeley says in the brief announcement, “Customers in more than 100 countries enjoy The Book Depository’s vast selection, convenient delivery and free shipping. The Book Depository is very focused on serving its customers around the world, and we look forward to welcoming them […]
Holland’s Arbeiderspers and Balans Are Merging Into Other Units; HMV Takes Big Writedown on Waterstone’s Sale; and More
Holland’s WPG (Weekblad Pers Groep) is merging some its well-known imprints in response to difficult market conditions. Arbeiderspers is going to merge with Bruna, relocating to Utrecht next January while maintaining a small office in Amsterdam. And Balans is going to merge with De Bezige Bij. Now that Waterstone’s has been sold, former parent company HMV reveals in its annual earnings report that the bookseller’s overall sales fell 14.4 million pounds for the year (with comps falling 3.8 percent) at £499.2 million, but operating profit rose to £9.5 million, compared to £2.8 million the year before. HMV also took a £110.5 million pound writedown […]
Briefs: Amazon Coming to India; Two More Borders Stores to Close in Hawaii
Amazon is about to set up operations in India, possibly within the next six months, having reportedly filled the position of head of book operations there and embarking on a hiring spree for additional positions. Plugged.in Borders will close two more Express stores in Oahu, Hawaii later this year, which will leave only three stores remaining open in the state. 20 staffers will be laid off. “Without rent concessions, which we have been trying to negotiate, they are unprofitable locations,” spokesperson Mary Davis said in an email to the Honolulu Star-Advertiser. “Generally speaking, we try to place impacted employees at […]
Announcements: Curtis Brown to Represent Ian Fleming Estate, And More
Ian Fleming Publications Ltd has appointed Jonny Geller and Curtis Brown to represent the Ian Fleming James Bond novels and future James Bond literary works worldwide, replacing Simon Trewin and United Agents. Curtis Brown will also represent the James Bond novels written by Kingsley Amis, John Gardner and Raymond Benson as well as translation rights in the Young Bond series by Charlie Higson. Aurum’s previously announced imprint headed up by former Granta staffers Alex Clark and Rosalind Porter will be called Union Books, and they will publish 20 titles a year beginning in January 2012, starting with Donovan Hohn’s MOBY […]
Adams Media’s Stanley Cup Insta-eBook, and More eNews
This week Adams Media published Newsday sportswriter Alan Hahn’s BRUIN REDEMPTION: THE STANLEY CUP RETURNS TO BOSTON as a $7.99 ebook after a 72-hour turnaround time. The publisher said they had the book “within hours” of the Bruins’ Stanley Cup win on June 15. Powell’s director of strategic planning Darin Sennett talks with Seattle Business Journal about the bookstore’s previously announced mobile app, now set to launch in full by the end of the summer. OverDrive will now supply ebooks to Easons, making the bookstore chain the first OverDrive partner to offer EPUB and PDF eBook content directly to Irish […]