Seven new publishers are joining the Independent Alliance following the closure of Faber Factory Plus.
Daunt Books Publishing, Lonely Planet, Murdoch Books, New York Review of Books, Pavilion Books, Pushkin Press, and Scribe Publications are the seven new members of the Alliance, which was founded in 2005.
All of the publishers were formerly represented by Faber Factory Plus, which Faber recently announced would close next year after the company had experienced a “difficult” financial 2014.
The Alliance represents its members’ titles to the trade and has over 200 independent bookshops in its circle who benefit from increased terms, point of sale and dedicated promotions on titles from leading authors.
The new members join eight publishers which are already part of the coalition - Atlantic, Canongate, David Fickling, Faber, Granta, Icon, Profile, and Short Books. All but Granta and David Fickling are founding members of the group.
The new members bring the coalition’s number to 15.
Stephen Page, c.e.o of Faber said: “The Alliance was founded 10 years ago in response to the changing market and became a powerful force in English language publishing for the book trade, readers and writers. This expansion of the Alliance is a response to today’s different market and its new opportunities.”
Adam Freudenheim, publisher and managing director of Pushkin Press, said he was “delighted” that Pushkin was joining the enlarged Independent Alliance along with other “vibrant independent publishers”.
“It's an exciting time to be an independent in the UK and being part of The Alliance I believe we are all stronger than the sum of our parts,” he said. “Faber has done stellar work for Pushkin over the last few years – in fact our revenues have grown nearly tenfold in this period – and we're confident that our sales will continue to grow in the enlarged Alliance. I strongly believe that Profile, Granta and Canongate – not to mention Faber & Faber itself - are among the very best publishers in the UK today, so it's flattering to be included in such distinguished company.”
Andrew Franklin, managing director of Profile Books, which has been a member of the Independent Alliance since it began in 2005, said that strength in numbers gave the collective “real clout”.
He said: "Throughout all the seismic changes in publishing of the last decade, independent publishing has continued to thrive – despite all its ups and downs – and the Independent Alliance has been central to the success of its members. Like a trade union, co-operative – or an Alliance in fact – it has given strength in numbers, mutual support to its members and real clout in trade. So it is really good that the Alliance is now going to broaden its membership to welcome more publishers – all of them distinctive, startlingly innovative and publishing exciting books. This is the best restaurant in town."
The new publishers will join in January 2016.
The Bookseller reported earlier this month that Faber was closing its sales representation service Faber Factory Plus for small independent publishers next year, advising them to seek alternative representation.
At the time, Page said: “Faber had a difficult year last year and we've had to take a number of strong business decisions to ensure that we thrive in the future. Some of the those decisions, including this one, we've taken with a heavy heart.”
Faber saw a drop in turnover for the year ending March 2015, with a significant increase in its operating loss from the previous 12 months.The publisher’s turnover was £15.9m, down 1.8% from £16.2m the year before but the company made an operating loss of £813,000, up from £5,000 in the 12 months to March 2014.