Quarto's Orbach rails against retail 'death wish'

<p>Laurence Orbach, chairman of international publisher Quarto, has launched a withering attack on chain booksellers in the UK accusing them of having a "collective death wish" after discounts reached "ludicrous proportions" in 2005 . Orbach's comments came as Quarto released full-year results, showing a 19% increase in sales in 2005, with a 17% increase in adjusted operating profit.</p><p>Orbach called 2005 "another year of solid growth and achievement". But he was unhappy with the pricing strategies implemented by the chains. He said: "Retailers continued to use pricing as a major marketi...

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