Simon & Schuster Acquires Dutch Publisher Veen Bosch & Keuning (publishersweekly.com)

Simon & Schuster has acquired Veen Bosch & Keuning, the largest Dutch book publishing house. The acquisition includes all of VBK’s imprints in the Netherlands and Belgium, as well as its sister companies, the audiobook producer Thinium, and Bookchoice, a subscription-based platform for e-books and audiobooks. Financial terms of the cash acquisition, which is still subject to review, were not disclosed.

The move marks the first major instance of a promised international expansion of S&S, which CEO Jonathan Karp alluded to last year following the acquisition of S&S by private equity firm KKR. The acquisition is also S&S’s first of a non-English-language publisher, and provides the company a new foothold in the European market, where “the companies aim to provide a better avenue to sell, produce, and distribute… titles in Europe and to publish more S&S titles locally,” as per a release.
more at: https://www.publishersweekly.com/pw/by-topic/industry-news/industry-deals/article/94975-simon-schuster-acquires-dutch-publisher-veen-bosch-keuning.html

Related Posts

Carter’s to Close at Least 200 Stores (mytotalretail.com)

Carter’s is permanently shutting down hundreds of stores. The children’s apparel and accessories retailer announced that it plans to close 25 percent of its brick-and-mortar fleet, or about 200 locations, as the leases of those units expire. Speaking to analysts, Carter's CEO Michael Casey said that nearly 60 percent of those outposts will likely be shuttered by the end of next year and 80 percent will shut down by the end of 2022. Carter’s currently operates about 850 stores in the United States, Canada and Mexico under its namesake banner and OshKosh B’Gosh brand.

Chico’s FAS, Inc. Reports Record Second Quarter EPS

For the second quarter, the Company reported net income of $42.0 million, or $0.34 per diluted share, compared to net income of $26.2 million, or $0.21 per diluted share, for last year's second quarter. For the second quarter, net sales were $558.7 million compared to $472.1 million in last year's second quarter. This 18.4% improvement primarily reflects a comparable sales increase of 19.5%, partially offset by 26 permanent net store closures since last year's second quarter. The 19.5% comparable sales improvement was driven by an increase in transaction count and higher average dollar sale.

Lack of IRS Paper-Based Documents Harms Millions of Americans

American Forest & Paper Association (AF&PA) President and CEO Donna Harman issued the following statement regarding the Internal Revenue Service (IRS) denying paper-based information and services. “The number of people who experienced identity theft while filing their taxes in 2016 is approximately the population of Anaheim, California or Tampa, Florida.[1] With news of data hacks and security breaches breaking regularly, government officials have increasingly turned to paper-based documents for added protection. “Citizens will be complying with new tax rules this year. Unfortunately, the IRS no longer makes printed instructions available unless ordered for payment. Readily available, printed instructions will be needed more than ever before as people prepare their tax returns given these changes. Click Read More below for additional information.
Back To Top
×Close search
Search