Publishers Weekly, September 5th, 1994
Simon & Schuster has made a small divestiture abroad, selling its Young Books division in the U.K. to Dutch publishing giant Wolters Kluwer. The unit, which has annual sales of about 7[pound] million ($10.5 million), publishes supplemental books for the school and library market.
According to an S & S spokesperson, S & S sold the division because it was not a major player in the U.K. school market. In addition, the sale will still allow S & S to use its name if it chooses to develop children's books for the retail market. Jack Romanos, president of S & S's consumer divisio...
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