Tue, 07/06/2011 - 12:10
Bertelsmann's Direct Group is to open to the public all of the retail stores operated by its ailing German book club operation Der Club.
Previously the group allowed only members into the chain, a strategy which impacted a limited number of branches. From 1st July all shops will be open to the public.
To sidestep the...
Wed, 16/07/2008 - 07:59
German media company Bertelsmann will sell off its book and music clubs in several regions, including the United Kingdom.
In a letter to employees obtained by the Associated Press, chief executive Hartmut Ostrowski said the company's board intends to explore sales of its Direct Group units in the UK, Australia, the Czech...
Thu, 12/06/2008 - 06:30
Bertelsmann plans to shut down its book club business in China, which is partially responsible for unit Direct Group's losses, the German Financial Times reported, without revealing its sources.
The newspaper said all of the unit's top managers in China have already left the company, and the unit's business will be...
Tue, 18/03/2008 - 15:33
Bertelsmann is mulling a possible sale of its book club wing Direct Group—which includes BCA—after its profits plummeted by nearly 91% last year.
Direct Group's profits fell to E10m in 2007 from E110m in 2006. Revenues also fell from E2,665m in 2006 to E2,555m in 2007. The wider German media company, which includes...
Wed, 29/08/2007 - 08:03
German media group Bertelsmann plans to carve up its Direct-Group, the unit that includes its book club businesses including the UK's BCA.
According to the German newspaper Handelsblatt, Bertelsmann bosses will discuss the new structure of the division, which generates annual sales of some 2.7 billion euros ($3.7 billion), at a...