Harry Potter publisher Bloomsbury swaps wizards for whisks

Bloomsbury-publishing-logoIndependent publisher has reinvested money from Harry Potter series in cookery and academic publishing

The largest listed independent publisher has launched a push into the cook book sector and has enjoyed strong sales from titles such as Tom Kerridge’s Proper Pub Food, Masterchef: the Finalists and Paul Hollywood’s Pies and Puds (by the co-presenter of BBC TV series The Great British Bake Off).

Investment has also focused on buying up academic book publishers. Mr Newton said the £6.5m acquisition of Hart Publishing, the Oxford-based legal specialist, in December brings to an end more than 20 deals to grow the division. Academic books sales have more than doubled from about £12m in 2003 to £29m at the end of February 2013.

For the full story read The Telegraph