Independent publisher The Canelo Group acquired by DK

DK has acquired the independent publisher The Canelo Group. Canelo was founded in 2015 by Iain Millar, Michael Bhaskar and Nick Barreto, and has twice been shortlisted for Independent Publisher of the Year at the British Book Awards. 

According to DK, Canelo will maintain its independent identity "while benefiting from DK’s resources". DK explained that its imprints (Canelo, Canelo Crime, Hera and August) will reach broader audiences while "preserving their unique identities". A top priority following the acquisition will be Canelo’s "commitment to author and agent care", and DK will invest in and scale those efforts across UK and international markets.

Canelo has combined traditional publishing with digital innovation, and since it was founded has grown a large catalogue of bestselling commercial fiction and has "fostered close relationships with authors and literary agents".

To read the full article on thebookseller.com, click here