Quarto in talks to sell

Quarto in talks to sell

lllustrated publisher Quarto has announced it is considering a sale, following a preliminary approach from a third party to acquire it at "a price that the board considers attractive and reflective of the inherent value of the business as a global publishing platform". It revealed the news at the same time as announcing revenues were down 13% to $50m in the first half of the year following "continued softness in the retail environment".

Chief executive Marcus Leaver (pictured) told The Bookseller the approach from a third party to buy Quarto was "unsolicited" and made less than a week afte...

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