Famous children’s book publisher sold
Albatros, the famous Czech publishing house specialising in children’s books, has changed owners, after being sold by the Bonton Group. The buyer is a Czech company known as Narcia Consulting, aktualne.cz reported, in effect the publisher’s CEO and others. According to sources, Albatros’s CEO Michal Krejčí and marketing director Petr Bělohradský had been trying to buy Albatros stock assets since the beginning of the year. The cost of the deal was not announced, but ČTK has cited sources estimating the deal could be worth between 150 to 200 million crowns, (the latter the equivalent of around 10.3 million US dollars). Albatros’s history goes back to 1949. It has published thousands of different titles, including the Czech editions of the Harry Potter series.