Publishing, 250 million hub for book wholesale
A hub with around 250 million euros in net revenue to strengthen the wholesale distribution of school and general books. This is the perimeter of XL, the joint venture...
EmmeEffe Libri, a company partly owned by Messaggerie and Feltrinelli groups, is forming a joint venture with Mauro Padovani, founder of Txt, and the Portesani family of Centro Libri. The new entity, XL, will have net revenues of around 250 million euros by 2026 and will focus on wholesale distribution of school and general books.
EmmeEffe Libri will control 51% of XL, with Padovani owning 40% and the Portesani family 9%. The joint venture is subject to antitrust approval and will be led by Alberto Ottieri as president and Padovani as CEO.
Written by urgent.news from Il Sole 24 Ore's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
