Posted by: anitanolan | January 22, 2015

Egmont US to Close

Sadly, Egmont US is closing effective the end of the month.

From their website:

Egmont Publishing, which at $900 million is the largest division in the Denmark-based Egmont group, employing 2,400 people across 30 countries, has a new strategic focus, which is to invest in books and magazine businesses where Egmont can hold a leading market position. One of the outcomes has been the decision to exit the standalone position in the US market, which they entered in 2008.

http://www.egmont.com/int/Press/news-and-press-releases/Egmont-Publishing-closes-US-business/#.VMAZJcZevwA

The company put the division on the market in October.

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