Phaidon Press Up For Sale

Art and cookery specialist Phaidon Press is up for sale, with owner Richard Schlagman looking for another owner to lead its transition from print to digital. Investment bank Greenhill has been appointed to conduct the sale, and is understood to be in the early stages of the auction process, sending out information to prospective buyers, according to reports. According to Companies House, Phaidon's annual revenues were up 17% in the year to June 2011, to £25m, with a pre-tax profit of £411,000 for the year, following a pre-tax loss of £149,000 for the previous year. In July 2011,