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Bertelsmann

Papers Say Direct Group France Sale Planned

July 8, 2008
By Michael Cader

Le Figaro and Les Echos have reported that Bertelsmann is working with Morgan Stanley to elicit offers for the Direct Group France division, which comprises both book clubs and the France Loisirs bookstore chain. One paper estimates the group could sell for 300 million euros, and the business newspaper says the sale could begin in […]

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Bertelsmann Makes China Pullback Official

July 7, 2008
By Michael Macrone

Following previous reports in the Chinese press, Bertelsmann officially announced the termination of its book club business in China on July 3. That decision came two weeks after the announced closure of all of the company’s 36 franchised retail bookstore chains in 18 cities in China. A Chinese analyst tells Interfax: “Chinese customers are more […]

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