UK publisher The Folio Society has announced the sale of its company to its employees for £10 million. The sale gives the employees 100% ownership of the company.
CEO Joanna Reynolds, leading the buyout for employees, says of the sale:
The Folio Leadership Team is very excited about the move to an EOT. It is a progressive, innovative, industry-leading approach that reflects our values and will position the business strongly ...Read MoreRead more