The Denmark-based Egmont Publishing Group has decided to sell their Egmont USA division. Distributed by Penguin Random House and established in 2008, Egmont USA specializes in books for children and young adults.
Egmont Publishing International CEO Rob McMenemy says, “The simple reason for selling the business is it does not fit with the strategic position of Egmont Publishing only to invest in countries where we can have a market leading position. The company has a highly talented and experienced team, a readymade fiction list and a growing backlist.”
For more, see the Egmont website.