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Egmont Publishing to sell US business

Egmont Publishing, a division of Denmark-based Egmont Group that includes Egmont UK and Egmont USA, has announced it is selling its US business. The publisher of children’s and YA fiction said in a statement that it has a ‘new strategic focus’, which is to invest in books and magazine businesses where Egmont can hold a ‘leading market position’. Egmont Publishing is the largest division in the Egmont group with 2400 employees across 30 countries. It entered the US market in 2009, where it has a backlist of around 170 titles. New York company Broadwater & Associates is handling the sale.

 

Category: International news