Egmont sells books businesses

Egmont Publishing has sold its children’s book businesses in the UK, Poland and Schneiderbuch in Germany, and now looks to grow its magazines business.

Egmont sells books businesses
Torsten Bjerre Rasmussen: “We will continue to invest in excellent content and creative development.”

“We have a leading position in kids’ magazines in our 26 markets, and we plan to expand that business even further. Our ambition is to be the best licensing partner for world leading licensors. Nothing has changed. Today, we are proud to have a strong partnership with great licensors like Disney, Mattel, Hasbro, Nickelodeon, MGA Entertainment and Lego, and we have high ambitions for the future,” says CEO of Egmont Publishing, Torsten Bjerre Rasmussen.

Egmont Publishing says it is ambitious for all three areas of its business. As well as being a publisher of kids’ magazines and comics, Egmont Publishing also invests in e-commerce and marketing services.

“For many years, we have been a very strong market-leading kids’ publisher. The UK, Germany and Poland, together with the Nordics, are very important markets in our global strategy for magazines and will have a key role to play in the years ahead. We will continue to invest in excellent content and creative development in order to deliver high-quality magazines for young readers,” says Torsten Bjerre Rasmussen.

The books publishing business was sold to HarperCollins, who took over the business from May 1st.