Chief operating officer Andrew Weber says in the announcement, "The move will be great for our people and our planned growth, and the architectural heritage of 120 Broadway means we will be moving from one of New York City's great iconic buildings to another." (That's about 4 blocks south of HarperCollins' office building, which was recently occupied by Harry Abrams as well.)
Macmillan Learning CEO Ken Michaels will receive the Book Industry Study Group's Distinguished Service Award at their annual meeting in September. (He had been chair of BISG's board.)
At Fabled Films Press, Nicole Wheeler has been promoted to brand marketing and sales manager, while Gisselle Guillen joined as publicity and marketing manager. Previously, Guillen was public relations account manager for Rachel Litner Associates.
IPG will distribute Quarto's new Spanish language imprint Quarto Iberoamericana, launching in October, in the US and Canada, and Editorial Gustavo Gili de Mexico will distribute in Mexico.
After rebrandifying themselves from Lost My Name to Wonderbly, the UK-based custom publisher announced the closing of a Series B funding round of $8.5 million, led by European puzzle and children's book publisher Ravensburger. Previous investors also participated, and the company has also lined up a venture debt facility from Silicon Valley Bank.
The company has now raised at least $21.5 million in venture capital, which sets a high bar of expectations. According to the most recent Companies House filing, in the year ending April 2016 they had sales of £19.4 million in the fiscal year ending April 2016, with an operating loss of £2.577 million. Wonderbly says they have sold over 2.7 million books worldwide so far. (Even before the latest round of funding, that's about $4.80 of venture capital per copy.)