Meghan Markle’s book could be pulled from display after publisher’s dispute with Waterstones
The UK release of Meghan Markle’s children’s book could be disrupted due to an argument between its publisher and bookseller Waterstones.
The Duchess of Sussex’s first book The bench is expected to be released on June 8, however, publisher Penguin Random House (PRH) is reportedly currently in conflict with Britain’s largest bookseller, which could impact sales of Meghan’s book.
A bookseller normally buys from publishers on credit and repays them with the capital raised from the sale of books, but PRH would have significantly reduced the amount of credit extended to Waterstones, limiting the number of its titles the retailer can get. allow to buy.
May’s beginning, The bookstore reported that Waterstones had reduced the visibility of PRH books in its branches in order to avoid running out of titles. A spokesperson for the publisher confirmed to the industry publication that a credit limit was introduced in late 2020 “at a very significant level”, but said there were “no practical restrictions on the trade now “.
In response, Waterstones removed PRH titles from major display areas of its 300 stores nationwide.
It is reported in The telegraph, that the retailer’s bosses have instructed its stores to have only a small number of PRH books visible to customers in the stores.
Waterstones says the measures it has taken are aimed at protecting its stock and not as a form of protest against the prominent publisher.
A spokesperson for the bookstore said The telegraph: “We are not boycotting PRH titles, but we are doing everything we can to ensure that customer availability remains good despite the overall drop in stocks. We generally do this by giving their titles a less important position within our bookstores. “
There are fears that removing the books from shop windows and displays could negatively impact new titles released by publisher’s authors, including Meghan’s book.
His children’s book The bench is a story about the “special bond between father and son”. It is told through the eyes of the mother and is inspired by the relationship of her husband, Prince Harry, with the couple’s two-year-old son Archie.
The book was inspired by a poem Meghan wrote for Harry on her first Father’s Day, just a month after Archie was born in May 2019.
Since the dispute began in late 2020, none of PHR’s titles have been on the Waterstones Book of the Month list, despite the publisher and its various imprints making up around 25% of the UK market.
Due to the ongoing dispute between two publishing heavyweights, consumers may struggle to find copies of titles from the publisher’s authors, including Bill Clinton, James Patterson and David Walliams, in Waterstones stores. .
The Independent has contacted Waterstones and Penguin Random House for comment.