Igloo overhaul puts business back on track

Igloo overhaul puts business back on track

Igloo Books, the mass-market children’s books business owned by Bonnier Publishing, has undergone an overhaul thanks to its new chief executive officer, who has affirmed the division’s future profitability.

Paul Gregory, who until 2015 was the president and chief operating offficer of Parragon, and thereafter managing director of another publisher, Hometown World, said it was a "difficult time" for the Igloo business when he took over its leadership last summer.

"Bonnier is not fundamentally a mass-market player and it acquired this mass-market business [in 2014], which was a logical piec...

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