Hachette head office, 43 quai de Grenelle, Paris 15th arrondissement
|Parent company||Lagardère Publishing|
|Country of origin||France|
|Key people||Arnaud Nourry (CEO)|
Hachette, French pronunciation: [a.ʃɛt], is a French publisher. It was founded in 1826 by Louis Hachette as Brédif, a bookshop and publishing company. It became L. Hachette et Compagnie on 1 January 1846, Librairie Hachette in 1919, and Hachette SA in 1977. It was acquired by the Lagardère Group in 1981. In 1992 the publishing assets of Hachette SA were grouped into a subsidiary called Hachette Livre (French pronunciation: [a.ʃɛt liːvʁ]), the flagship imprint of Lagardère Publishing. Hachette has its headquarters in the 15th arrondissement of Paris.
In 1996 it merged with the Hatier group. In 2004, Hachette acquired dictionary publisher Éditions Larousse. In 2006, it expanded into the United States when it purchased Time Warner's book-publishing division, which was then renamed Hachette Book Group USA. In June 2013, Hachette announced that it would acquire Hyperion Books from Disney. It is one of the largest English-language publishers, known as the "Big Five".
In May 2014, Amazon.com stopped taking pre-order sales of Hachette books, citing a breakdown in negotiations over commission and ebook pricing. According to Hachette, Amazon had also stopped discounting its books, sending prices of Hachette titles in the U.S. to more than twice what they were selling for in the UK.
Hachette planned to lease 9,900 square metres (107,000 sq ft) of space at a building in Malakoff, Hauts de Seine around 2011, even though the building in the 15th arrondissement was being renovated.
In June 2014, the company's U.S. affiliate in conjunction with Perseus Books Group, and Ingram Content Group, announced a three-way deal whereby Hachette would buy Perseus and then sell the company's client services businesses to Ingram. Financial details of the deal were not disclosed. However, in August 2014, the deal was called off because Hachette and the other parties involved decided the deal was too complicated. The deal eventually went through in April 2016 with Perseus's publishing assets and imprints going to Hachette, and distribution assets to Ingram.
Notes and references
- "Hachette Livre: Key Dates". Retrieved on 12 March 2014.
- Edmund Lee (28 June 2013). "Hachette Will Acquire Disney's Hyperion Book Publishing Business". Bloomberg.
- "Customers told by Amazon no pre-order of Hachette books will be available". The US News. Retrieved 28 May 2014.
- Hachette Livre, Hachette.com. Retrieved 17 April 2011. "Hachette Livre 43, quai de Grenelle 75905 Paris Cedex 15"
- Gary, Nicolas (May 17, 2010). "Hachette migrera des services de sa direction à Malakoff". actualitte.com. Retrieved January 21, 2012.
- Launet, Edouard. "Pas de quartier pour les éditeurs." Libération. 2 November 2009. Retrieved on 21 January 2012. "Chacun se souvient aussi du spectaculaire départ du groupe Hachette, abandonnant son énorme QG au coin des boulevards Saint-Michel et Saint-Germain pour le quai de Grenelle, dans le XVe."
- "Perseus Books Group being acquired by Hachette". Publishers Weekly. Retrieved 20 September 2014.
- "Hachette Calls Off Perseus Book Purchase". Wall Street Journal. Retrieved 9 August 2014.(subscription required)
- Natasha Onwuemezi, "Perseus sale to Hachette Book Group completed", The Bookseller, 1 April 2016
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