Egmont USA to Close Operations
Established in 2008, Egmont USA specialized in children’s books in the elementary, middle grade, and young adult genres. The company’s final list will be distributed by Random House in spring 2015.
Rob McMenemy, CEO of Egmont Publishing International, said the U.S. business, ultimately, ‘does not fit’ with the company’s strategy, as it has not been able to become a market leader in the States. He added that Egmont was ‘hoping to succeed with selling the business, unfortunately this has turned out not to be possible.’ (PW)