Publishers warned over US distribution

Independent UK publishers have been warned to exercise extreme caution when signing US distribution deals, Joel Rickett writes. Recent changes in US law left British companies, including Kogan Page, facing heavy losses after their US distributor filed for bankruptcy.</p><p>
The publishers are facing a prolonged court battle to retrieve cash and stock from LPC, the US book distributor, which filed for Chapter 11 bankruptcy last month after backer American National Bank (ANB) withdrew a loan.</p><p>
Now ANB, and the distributor's parent company Bank One, have filed a claim in a Connecticu...

This is subscriber-only content

Not a subscriber? Get unrestricted access to all the news, charts, previews, data & analysis by subscribing from as little as £3 per week.

Why Subscribe?

Every issue of The Bookseller magazine

Unlimited access to (single user)

The Bookseller e-edition app for tablet and mobile

Subscriber-only newsletters

Twice yearly Buyer's Guides worth £50

Discounts on The Bookseller Awards and Conferences

Click here to subscribe now