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The Mondadori Group reports today that it has signed an agreement for the acquisition by the subsidiary Rizzoli International Publications Inc. of 100% of the share capital of Chelsea Green Publishing Company. Founded 40 years ago by Ian and Margo Baldwin, the publisher is based in Vermont (USA) and in the UK through its subsidiary Chelsea Green Publishing UK Ltd. Its editorial focus is sustainability – particularly green, health and wellness issues – and promoting cultural diversity.

The Mondadori Group already has a presence in the United States through its subsidiary Rizzoli International Publications Inc., a leading publisher of illustrated English-language books on Lifestyle and Interior Design, which has also owned the historic Rizzoli bookstore in New York for the past 60 years.

With the acquisition of Chelsea Green Publishing, the Mondadori Group is taking a further step on its international development journey in English-speaking markets, which recently began with the establishment of London-based Rizzoli UK.

“The strengthening of the Mondadori Group’s presence in the United States and the United Kingdom through the acquisition of Chelsea Green Publishing, and the launch of Rizzoli’s new UK branch, are further steps on our growth path outside the domestic trade market. I am therefore delighted to welcome Chelsea Green Publishing, with whom we share a vision of quality editorial content focused on issues related to sustainability and lifestyles that respect ecosystems and nature,” commented Mondadori Group CEO Antonio Porro.

Consideration for the transaction, which will be paid fully in cash on the closing date – expected by the end of the first half of 2024 – is set at $5 million (on a debt-and-cash free basis) and will be subject to adjustment according to the NFP on the date of completion of the acquisition. In the last approved financial statements (2022), the company reported consolidated revenues of USD 8.1 million and an operating income of USD 1.1 million.

As part of this acquisition, Margo Baldwin will assume the role of Publisher Emeritus of Chelsea Green Publishing, guaranteeing the publishing quality and continuity of the company with her extensive experience. Stefano Peccatori will assume the role of CEO and President, leading the international development and strategic integration, working with the Rizzoli International Publications Inc. and Chelsea Green Publishing teams.

Mondadori Store, the most extensive network of bookstores in Italy, will inaugurate a new bookstore in Marina di Carrara, a Tuscan seaside resort and tourist destination in the province of Massa Carrara, on Friday 29 March, at 5.30pm, thus making a hub dedicated to the world of books, culture and entertainment available to the public.

The new Mondadori Bookstore – led by mother-and-daughter booksellers Elena Torelli and Giorgia Grasso, who also manage the bookstore in Sarzana (SP) – expands the already extensive network of Mondadori Stores in the area, in keeping with the network’s strategy of spreading culture and promoting leisure-time reading, creating an interactive meeting point and a true cultural organisation for locals and tourists.

The new bookstore covers 60m2 and offers a selection of around 7,000 titles, from the great classics to best sellers – including fiction, non-fiction and miscellaneous – and that’s not forgetting early readers with the We are Junior format, which includes educational games and illustrated books to stimulate their imagination with the most intriguing stories, and the department dedicated to the manga and comics phenomenon, Just Comic. Areas dedicated to #BookTok, for the new generation of readers, local publishing, as well as stationery, toys, gift cards and gift boxes, also expand the store’s offer. 

The Mondadori Bookstore in Marina di Carrara also serves readers online: customers can be updated on all the activities and events planned through the Facebook and Instagram pages. They will also be able to get in touch with the store through the Mondadoristore.it digital services to check if a book is available, order it and pick it up in the store, choosing from a catalogue of over 1 million titles.

Il Mondadori Bookstore di Marina di Carrara è a servizio dei lettori anche online: i clienti potranno essere aggiornati attraverso le pagine Facebook e Instagram. Inoltre, potranno entrare in contatto con la libreria attraverso i servizi digitali di Mondadoristore.it per verificare la disponibilità di un libro, ordinarlo e ritirarlo in negozio, scegliendo da un catalogo di oltre 1 milione di titoli.