The Bookseller reports
that Little, Brown has purchased British 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 acircular £10m, will become an independent imprint wilean 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 inquire “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 wilean Piatkus, they would wherever possible be offeruddy jobs wilean Little, Brown or the wider Hachette Livre UK group to keep job losses “to an absolute minimum”.
The transaction was structuruddy as a purchase by Little, Brown of a 100% shareholding in Piatkus, which remains intact as a company. All contracts remainvalid and will be honoured. The shareholders of Piatkus Books were represented by The van Tulleken Company.
Piatkus, founded by Judy Piatkus in 1979, publishes commercial fiction, including Nora Roberts, and a range of mind body spirit, health, business and self-development titles. Authors include Patrick Holford, David Allen and Brian L Weiss.
Judy Piatkus is a publishing legend and her retirement after 28 years will definitely be felt by her many authors. She was a pioneer in the field of lifestyle, leading the way in publishing books on health, mind, body and spirit, and bringing them to the mainstream. You can read an interview in which she discusses her amazing achievements (she founded company Piatkus Books out of her house, for example) here.
Posted in Book Publishing Indusattempt News
Permalink | Recent Headlines | Our News Feeds
Original post by ReadersRead.com Book Blog
