Meredith Corporation Reaches Agreement To Sell Time Inc. UK To Epiris

Rolland President Philip Rundle speaks with Ivy Life & Style Media, whose niche publications and properties serve Virginia’s Charlottesville-Albemarle region and the nearby wine country. Jennifer Bryerton, co-publisher of Ivy and editor-in-chief of its Wine & Country Life magazine, talks about publishing in a local market, contributing to a sustainable community, and creating a cookbook that will feed businesses, farmers and people in a time of need. Ivy Life & Style Media is a lively small busines • Located in Ivy, Virginia, near Charlottesville, with a team of employees who create print and digital publications, provide media services, and run a boutique. • Publisher of community-oriented magazines and books under three popular brands: CharlottesvilleFamily, Charlottesville Welcome Book and Wine & Country. • Wine & Country Life, a 150-page magazine published twice a year, covers the lifestyle and culture in Virginia’s beautiful wine country. • Ivy Life & Style Media is a Virginia certified SWAM (small women-owned and minority-owned) business as well as a Certified Virginia Green Travel Partner.

Bertelsmann has further expanded its global network of start-up investments. Last year, the international media, services and education group made more than 70 investments worldwide, through the funds bundled in its Bertelsmann Investments division. At the same time, the company completed a number of exits, and profits from the disposal of these investments – most notably by the Bertelsmann Asia Investments (BAI) fund in China – made an appreciable contribution to Group net income. Overall, at the end of the year Bertelsmann had holdings in more than 160 innovative start-ups and investment funds. Thomas Rabe, Chairman and CEO of Bertelsmann, said: “Investments in young digital companies with innovative business models play an important role in the implementation of our strategy. With these investments, we ensure the transfer of knowledge, about digital trends that support us in the transformation, as well as about promising markets. We have massively expanded our network of start-up holdings in recent years, especially in our strategic growth regions of China, India and Brazil, and have repeatedly demonstrated that we are an ideal partner for innovative founders who want to expand their activities.” Click Read More below for additional information.

During the holiday season, Nordstrom continued to leverage its digital and physical assets to provide a unique breadth of merchandise selection across brands, price points and styles and convenient shopping experiences for customers: *December sales across the Nordstrom and Nordstrom Rack brands reflected sequential improvement from November with momentum continuing into January. *Digital sales grew 23 percent over last year and represented 54 percent of total sales compared with 34 percent from the same period in fiscal 2019. *Approximately 11 percent of Nordstrom.com orders were picked up in-store, which accelerated to more than 20 percent during the week preceding Christmas. *Approximately 9 percent of Nordstromrack.com orders were picked up in-store, which was enabled by the integration of Nordstrom Rack store and online inventory in October. *More than 30 percent of online orders were fulfilled from Nordstrom and Nordstrom Rack stores. *As a result of expanded gifting selection, gifting items made up 67 percent of sales, an increase of 600 basis points from the prior year.