The Bookseller recently launched a spate of blogs and guest posts, and today’s batch includes a letter from Judy Piatkus, who sold her company to Little, Brown UK earlier this week. And after 28 years of growth, especially three years of “exceptional and profitable growth which has taken us from a turnover of 6.4 million pounds at the end of 2004 to our current level of just under 10 million pounds,” did Piatkus opt to sell now?
The answer is fairly easy: “running a company is a 24/7 commitment and I am ready for a change.” And in Little, Brown, Piatkus found a buyer with a similar ethos to publishing books and treating its authors. “With access to some resources that have never previously been available, we believe that Piatkus will, in the years to come, be an even more formidable force in the marketplace than we are already.”