FAIRCHILD BOOKS SOLD: Bloomsbury Publishing plc has acquired Fairchild Books, the publisher of textbooks and educational resources for students in fashion, merchandising, retail and interior design. The division was owned by Fairchild Fashion Media. “We are delighted that Fairchild Books has found such a fitting strategic partner in Bloomsbury Publishing Inc., a leading international academic publisher,” said Gina Sanders, Fairchild’s president and chief executive officer. “At the same time, this sale will enable Fairchild Fashion Media to further expand upon our core businesses including WWD/WWD.com, Style.com, Style.com/Print, FN, Beauty Inc., Menswear, Fairchild Summits, WWD Magic and FN Platform.”
The Fairchild acquisition will increase Bloomsbury’s U.S. presence, including expanding its digital presence. Nigel Newton, chief executive officer of Bloomsbury, said the purchase is part of the company’s long-term strategy to increase its academic publishing business in the U.S., the largest market for English language textbooks. Fairchild Books will be managed by Kathryn Earle, who will report to Jonathan Glasspool, managing director of Bloomsbury’s academic and professional division.
This story first appeared in the April 3, 2012 issue of WWD. Subscribe Today.
Bloomsbury Publishing plc has five divisions, including Fairchild Books. Its adult publishing group works with authors such as Khaled Hosseini, William Boyd, Richard Ford, Margaret Atwood and Elizabeth Gilbert, while its children’s division lists J.K. Rowling and Neil Gaiman as authors.