Costco Wholesale Corporation Reports December Sales Results

For a CEO who saw sales drop 10% and profits fall 45% in the fiscal year ended June 30, 2023, HarperCollins’ Brian Murray sound remarkably calm in an interview with PW looking back over the past 12 months. “It was a challenging year,” Murray acknowledged. “The numbers don’t paint a rosy picture.” But he said he is heartened by the fact he thinks the worst is over. "I'm feeling better about things," he said. For the fiscal year ended in June, revenue dropped to $2.0 billion from $2.19 in fiscal 2022 and EBITDA (earnings before interest, taxes, depreciation, and amortization) fell to $167 million from $306 million a year ago.

Learning technology company HMH and NWEA, a not-for-profit, research and educational services organization serving K-12 students, announced today they have signed an agreement for HMH to acquire NWEA. Upon closing, NWEA will operate as a division of HMH, with its current offerings, including its flagship assessment—MAP Growth—remaining under the NWEA brand. NWEA assessment solutions will be integrated with HMH curriculum on HMH’s platform to create a combined offering that links interim assessment to instruction. HMH is a portfolio company of Veritas Capital, a private investment firm that focuses on companies that provide technology and technology-enabled solutions to government and commercial customers worldwide. By combining NWEA’s assessments with HMH’s curriculum, HMH is expected to deliver a holistic solution for educators that helps them understand how students are growing academically and what areas need the most focus to maximize that growth. Most importantly, this solution will turn insights from assessments into content recommendations that help teachers address student-specific skill gaps and advance student learning.

HH Global is pleased to announce the completion of the acquisition of Adare International (including Purple Agency), from the private equity firm Endless LLP, following the signing of an agreement on Monday 21 June 2021. The combined business will generate approximately $2.1bn in annual sales. This deal will create a joint global business with over 4,000 employees and a presence in more than 65 countries, cementing HH Global’s position as market leader. It will also allow stronger in-country operations, helping to propel seven of our local markets to achieve local annual run rates of over $50m revenue for the first time. Mike Perez, Group CEO of HH Global, expressed “Following on from the successful integration of InnerWorkings in October last year, we are thrilled to join forces with Adare International. Welcoming new clients and colleagues on board is always an exciting process, and the strength of Adare International in these areas was a key motivation for our interest in acquiring them. I’m also particularly excited to enhance our capabilities in creative services in the healthcare and B2B sectors with Purple Agency, and to take advantage of the enhanced geographical reach and local revenue within their regional operations.”