The company says it has a new strategic focus, which is to invest in the books and magazine businesses. One of the outcomes has been the decision to exit the standalone position in the US market, which they entered in 2008.
CEO of Egmont Publishing International, Rob McMenemy said: “The reason for closing the US business is that it does not fit with the strategic position of Egmont Publishing only to invest in countries where we can have a market leading position.”
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