PRH Enterprises to close
In the UK, Penguin Random House (PRH) has closed its Enterprises division, which was responsible for creating commercial partnerships for the publisher’s authors and brands, due to it being commercially unsustainable, reports the Bookseller.
The division, which launched in 2012, was responsible for licensing and merchandising, TV, online writing courses, the Penguin Live events business and most recently Penguin Shop.
PRH consumer and digital development group director Hannah Telfer said the publisher’s focus would shift to the Penguin Shop and Penguin Live, with the goal for the second to ‘become one of the UK’s leading live events producers’.
PRH Enterprises director Jo Edwards will leave the company at the end of the month. The Penguin Shop will be managed by the audience and digital development team, while Penguin Ventures, which manages commercial partnerships on behalf of PRH Children’s and its brands, is unaffected.
Category: International news