Bertelsmann to decide if Brexit affects UK location 'within a year'

Bertelsmann to decide if Brexit affects UK location 'within a year'

Bertelsmann c.e.o. Thomas Rabe has said the company is "quite confident" of maintaining its "Intellectual Property hub" - meaning not just Penguin Random House and DK, but also its Fremantle Media and BMG businesses -  in the UK after Brexit, and has the intention of doing so. However he has cautioned that this decision is "subject to closer scrutiny when we see what form Brexit takes" and said the company will make a "stay or go" decision for its IP rights business "at the latest in a year's time" when the impact of Brexit will be clear.

Speaking as Bertelsmann announced its results for f...

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