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Posts Tagged ‘Lagardere’

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.

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Wolters Kluwer sells Nelson Thorne

The global publishing group Wolters Kluwer is selling off its educational publishing arm – including UK-based Nelson Thorne, a publisher of education books, CD-ROMs and electronic teaching and learning resources – and expects upwards of 700 million euros for the sale, the Telegraph reports. Investment bank Lehman Brothers has been appointed to advise and run the auction process for the educational arm, the largest in Europe. News of the sale process came as rumours circulated that Reed Elsevier, one of Wolters Kluwer’s main rivals, was a potential bid target for the Dutch publisher, but so far it’s only likely that they will be just one of several potential buyers, along with Pearson, Lagardere and Nordic publisher SanomaWSOY.