Club Internacional del Libro has acquired the German operations of Reader's Digest German Region
Club Internacional del Libro (CIL) has acquired Reader's Digest's German operations from Trusted Media Brands, Inc. Financial details have not been disclosed.
Founded in 2006, CIL is a direct marketing and sales business operating in Spain, Portugal, France and Scandinavia through its own brands and under licensed operations from Reader's Digest. This transaction represents the third acquisition of a European Reader's Digest operation by CIL which consolidates its position as the largest licensee of Reader's Digest in Europe.
Reader's Digest is an American general-interest family magazine, published ten times a year. The magazine was founded in 1920, by DeWitt Wallace and Lila Bell Wallace. For many years, Reader's Digest was the best-selling consumer magazine in the USA. Reader's Digest's activity in German cover Austria, Germany and part of Switzerland.
Trusted Media Brands is a global media and direct marketing company that connects consumers around the world with products and services from trusted brands. Trusted Media Brands is home to some of the best-known media brands in the United States, reaching a uniquely engaged audience across multiple digital platforms, social media, magazines, books, music and events. Reader's Digest International is composed of RD-owned operations in the Australia,Pacific and German regions, as well as Canada. The rest of the international operation is licensed out to partners on a market-by-market basis.
Oaklins' team in Spain advised the buyer in this transaction.
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