and more.
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French Independent Booksellers Face Challenging Future
Though 142 new bookshops opened in France last year, low margins and a decline in sales volume as a result of inflation may pose huge risks to the country’s bookselling sector.
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HBG CIO Mike Ballanco Retires, HUK’s Brendan Goss Up in Dual Role
Ballanco, senior VP and chief information officer at Hachette Book Group, will retire on September 27, with Brendan Goss, currently CIO of Hachette UK, to assume the newly created role of group CIO of HBG and HUK.
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Attack on Ukrainian Printing Plant Disrupts Publishing Industry
Damage to the Factor Druk printing plant, which produced a third of all of Ukraine's books, is causing shipping delays and price hikes. Support for a recovery, which may take six months, is coming from the Ukrainian and U.S. governments, among others.
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Stephanie Jackson to Lead DK Life, DK Red
Stephanie Jackson has been tapped to lead the Life segment, including the recently announced imprint DK Red, at DK Living, the publisher’s adult division, effective November 1.
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Arnaud Lagardère Returns as CEO of Lagardère Group
Arnaud Lagardère has been reinstated as chairman and CEO of Lagardère Group, the parent company of Hachette Livre. He was forced to step down in April following accusations of embezzlement from companies he personally owned.
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FairyLoot’s Fantasy Book Boxes Cast a Spell Over Readers
The U.K.–based fantasy book subscription box company has seen business grow tenfold since the pandemic, and built a major customer base in the U.S. and Europe.
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Australia’s Troubled Booktopia Loses CEO, Cuts 50 Jobs
The CEO of Booktopia, Australia’s dominant online bookseller, has resigned, and the company has announced plans to cut costs, including laying off 50 people, following a 20% drop in book sales last year.
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'Murdle,' Ebury Win Big at British Book Awards
The 2024 British Book Awards were held in London May 13, where 'Murdle' by G.T. Karber won Overall Book of the Year, Ebury was named Publisher of the Year, and Profile was given the prize for Independent Publisher of the Year.
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Members Leave U.K.’s Society of Authors over Gaza Resolution
A number of authors have left the U.K.'s Society of Authors following a recent vote over a proposed resolution to make a statement on Gaza, which was opposed by the organization’s management committee and eventually voted down.
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Storytel Has Improved Q1, Adds Podcasts, Seeks New CEO
The Swedish audiobook and publishing conglomerate's latest quarterly report found group revenue at 892 million SEK, or $95.5 million, from January to March, up 12% over 2023. It is now searching for a successor to CEO Johannes Larcher, who is leaving this fall.
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