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Posts Tagged ‘Judy Piatkus’

Piatkus Reveals Reasons for Selling to Little, Brown UK

The Bookseller recently launched a spate of blogs and guest posts, and today’s batch includes a letter from Judy Piatkus, who sold her company to Little, Brown UK earlier this week. And after 28 years of growth, especially three years of “exceptional and profitable growth which has taken us from a turnover of 6.4 million pounds at the end of 2004 to our current level of just under 10 million pounds,” did Piatkus opt to sell now?

The answer is fairly easy: “running a company is a 24/7 commitment and I am ready for a change.” And in Little, Brown, Piatkus found a buyer with a similar ethos to publishing books and treating its authors. “With access to some resources that have never previously been available, we believe that Piatkus will, in the years to come, be an even more formidable force in the marketplace than we are already.”

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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?