Hachette UK buys Laurence King Publishing
Hachette UK has acquired arts and gift specialist Laurence King Publishing (LKP), reports the Bookseller.
Under the deal, which was made for an undisclosed sum, managing director Laurence King will stay on for a six-month period as consultant. LKP currently employs 75 staff, and Hachette will review their roles in the coming weeks.
‘Hachette is the right company to buy us,’ King told the Bookseller. ‘I thought very hard about it and they seem to be a very trustworthy company, decent and seem to cherish their imprints. The people I met all seem thoughtful, intelligent book people who are very engaged with their lists. I was very keen the company should pass into the hands of people who are as engaged with their lists as my company is.’
LKP is the publisher of Johanna Basford’s Secret Garden and Enchanted Forest adult colouring books, which have sold more than 16 million copies globally. King said the company has slightly changed direction since the colouring boom, with the publisher becoming well known for its gift products, including games such as Bird Bingo.
King founded the publisher in 1991 and decided to sell after turning 65 and experiencing health issues.
According to the Bookseller Hachette UK has made similar acquisitions of smaller, specialist publishers over the past three years, including Bookouture, Jessica Kingsley Publishers, Summersdale and Short Books.
Category: International news