Ingram Buys NBN’s International Division

Ingram Publisher Services has added to its international capabilities with the acquisition of National Book Network International (NBNi). Located in Plymouth, England, NBNi was founded 14 years ago by the Lanham, Md.-based National Book Network and does international distribution for both print and digital books.

According to Ingram, NBNi’s client services business will complement Ingram’s range of digital, physical, and print-on-demand solutions. “NBNi is a sound, established, and widely respected distributor in the British book trade with a reputable base of publisher clients, well-supported by the excellent and experienced team in Plymouth,” said David Taylor, senior v-p of international content acquisition at Ingram Content Group, in a statement. “Our plan is to build on this strong foundation and grow the business.”

The decision to sell NBNi was made to allow its parent company, Rowman & Littlefield Publishing Group, to focus more of its international efforts on publishing rather than distribution, RLPG CEO Jed Lyons explained. Lyons has done something similar in the U.S., where he has pared back NBN’s North American distribution division to devote more resources to publishing. Lyons noted, however, that he plans to continue to operate NBN’s North American unit. RLPG will also continue to use NBNi for all of its international distribution, Lyons added.

The purchase of NBNi follows Ingram’s acquisition of the Perseus distribution arm in March 2016, which made the company the largest distributor of independent presses in the country.
https://www.publishersweekly.com/pw/by-topic/industry-news/industry-deals/article/74150-ingram-buys-nbn-s-international-divsion.html

Related Posts

L Brands Reports Second Quarter 2020 Results

Consistent with expectations disclosed in the company’s July 28, 2020 business update, net sales were $2.319 billion for the quarter ended Aug. 1, 2020, a decrease of 20 percent compared to sales of $2.902 billion for the quarter ended Aug. 3, 2019. Total Bath & Body Works second quarter sales in the United States and Canada were $1.197 billion, an increase of 13 percent compared to $1.061 billion last year. Total Victoria’s Secret second quarter sales in the United States and Canada were $977.5 million, a decrease of 39 percent compared to $1.606 billion last year. Reported loss per share for the second quarter ended Aug. 1, 2020, was $0.18 compared to earnings per share of $0.14 for the quarter ended Aug. 3, 2019. Second quarter operating income was $44.0 million compared to $174.6 million last year, and net loss was $49.6 million compared to net income of $37.6 million last year.

JCPenney Receives Court Approval for Asset Purchase Agreement with Brookfield, Simon and First Lien Lenders

J. C. Penney Company, Inc. announced that the U.S. Bankruptcy Court for the Southern District of Texas has approved the previously announced asset purchase agreement with Brookfield Asset Management, Inc., Simon Property Group and the Company’s DIP and First Lien Lenders, which is supported by the Unsecured Creditors Committee. Pursuant to the APA, Brookfield and Simon will acquire substantially all of JCPenney’s retail and operating assets through a combination of cash and new term loan debt.

Adobe Reports Record Revenue

Second Quarter Fiscal Year 2020 Financial Highlights *Adobe achieved record quarterly revenue of $3.13 billion in its second quarter of fiscal year 2020, which represents 14 percent year-over-year growth. Diluted earnings per share was $2.27 on a GAAP basis, and $2.45 on a non-GAAP basis. *GAAP operating income in the second quarter was $1.02 billion, and non-GAAP operating income was $1.34 billion. GAAP net income was $1.10 billion, and non-GAAP net income was $1.19 billion. *Cash flows from operations was $1.18 billion.
Back To Top
×Close search
Search