More information on the potential sale of Germany’s Weltbild, which a colleague there calls “the biggest fish to come on to the market” in some time, with sales of approximately 2 billion euros a year, and a market value estimated at about 1 billion euros a year. Holtzbrinck is already a 50-percent owner of Weltbild’s publishing company Droemer and is thought to be interested primarily in that piece of the empire. Separately, Weltbild is a 50-percent partner with Hugendubel in a holding company that operates multiple bookstore chains, including Hugendubel, Weltbild plus and Jokers, and most recently, they took over […]
International
Holtzbrinck and Thalia Eye Weltbild Acquisition
Germany’s newspapers FAZ and Handelsblatt report that both Holztbrinck and the Thalia book chain are interested in bidding to buy the Weltbild publishing group. Holtzbrinck and Thalia currently own Netherlands-based online book distributor bol.com and publisher Droemer Knaur together. Thomson reports, “Weltbild said over the weekend that it wants to change and expand its structure but that there are no plans to break up nor sell its units.” Holtzbrinck deputy md Jochen Gutbrod acknowledged his company’s potential interest; Thalia did not comment. Thomson Financial
Enthusiasm at Brazil Literary Festival
Reuters reports on the latest Paraty Literary Festival–founded six years ago by the UK’s Liz Calder–which has “helped transform the town about halfway between Rio de Janeiro and Sao Paulo into a trendy destination and given Brazil a spot on the international literary circuit.” Reuters