Hachette Livre buys Editions Kero

Hachette Livre buys Editions Kero

Hachette Livre said today (14th December) that it has signed a memorandum of understanding (MOU) to buy general literature publisher Editions Kero.

Founded in 2012, Kero releases about 20 titles a year and emphasises marketing, communication and distribution in electronic format, a statement said. The house has a staff of seven, reported sales of about €7m in 2014, and is profitable. No figures on the profits or price of the acquisition were disclosed.

In just three years, Kero has published several bestsellers. The most recent are novels Le Jour où J’ai Appris à Vivre (The Day I Learned to Live) by Laurent Gounelle, and 500 Questions que Personne ne se Pose (500 Questions that No-one asks Themselves) by Laurent Baffie.

Kero authors have also won several literary prizes, such as the Prix des Maisons de la Presse (Newsagents prize) for La Drole de Vie de Zelda Zonk (The Strange Life of Zelda Zonk) by Laurence Peyrin, and the Crime Prize at the Cognac Festival for Celui dont le Nom n’est Plus (He Whose Name is no More) by René Manzor.

Successful non-fiction works include the memoirs of Canal + founder André Rousselet, and 1000 Coups de Fouet parce que J’ai osé Parler Librement (1,000 Lashes because I Dared to Speak Freely), by Raif Badawi, who created the blog "Free Saudi Liberals".

Philippe Robinet, Kero co-founder and c.e.o., said the takeover would “strengthen the original model (of the company) and accelerate its internal development”. The idea of the acquisition came from Hachette, he added. Until then, there was no plan to sell, he told The Bookseller.