Prague - The publishing house Albatros has finally changed its owner following years of attempts to find an adequate buyer.
The new owner is Czech company Narcia Consulting, which are basically Albatros' CEO and Board of Directors' member and head of Marketing and Business Department.
CEO Michal Krejčí and marketing director Petr Bělohradský tried to buy the stock assets of Albatros since this spring. They have not disclosed the price they paid for the stocks.
Harry Potter and others
Albatros publishes children's books, and among its most prestigious titles is J.K.Rowling´s Harry Potter series.
Albatros has belonged to the Bonton Group since 1998. In that same year the publisher won an exclusive licence for the Harry Potter's series.
Besides Alabatros, the Bonton Group also owns the film company Bontonfilm and music label Supraphon. It is alleged these will be put on sale as well.
During its 75 years' existence, Albatros is said to have published over 9,000 books.
The last few years however were not very favorable for the publishing house's revenue. Only in 2006 the company lost CZK 29 million while making CZK 114 million in revenue.
The group has been trying to sell Albatros for over six years now, as the stock holders were not able to reach any consensus.
The group was found by a famous Czech singers Michael Kocáb and Martin Kratochvíl.