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Posts Tagged ‘Brown Book Group’

Little, Brown UK Buys Piatkus

The Bookseller’s Alison Flood reports that Little, Brown Book Group has acquired independent publisher Piatkus Books. Founder Judy Piatkus will continue as m.d. until the end of the year, when she will retire from publishing. Piatkus, which has a turnover of around £10m, will become an independent imprint within Little, Brown. It will continue trading at its current premises until the end of October, after which the team will move to Little, Brown’s new offices at 100 Victoria Embankment.

Little, Brown said it would ask “the majority of the directors and staff” to stay with the business. It added that while a small number of staff may not have continuing roles within Piatkus, they would wherever possible be offered jobs within Little, Brown or the wider Hachette Livre UK group to keep job losses “to an absolute minimum”. The news may quell some rumors of Little, Brown’s eventual demise as an independent imprint within the Hachette rubric, but then again, let’s talk again in six months, shall we?

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Good News for Lagardere

Lagardere, parent company of Hachette Book Group (as well as Hachette’s UK arm comprising Hodder Headline, Orion and Little, Brown Book Group) reports its first quarter revenues and for the publishing arm, revenues rose by 29.2% to 411.2m euros (or ($554 million), largely due to the consolidation of 83m euros of sales from Time Warner Book Group. On a like-for-like basis, revenues to end March 2007 advanced by 3.0%. They report that the 2007 outlook for Lagardere Publishing is good, especially for Education in France and Spain and for Literature in the United States.