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BRIEF-St Ives says HarperCollins' monochrome books production contract will not be renewed
February 8, 2017 / 12:13 PM / 10 months ago

BRIEF-St Ives says HarperCollins' monochrome books production contract will not be renewed

Feb 8 (Reuters) - St Ives Plc

* Informed by HarperCollins that its contract with group’s books business for production of monochrome books in UK will not be renewed

* Current contract ends on 30 June 2017.

* Management will be initiating actions to reduce cost base of books business and therefore mitigate impact of non-renewal of this contract.

* Market remains competitive and we are not prepared to chase volume at uneconomic prices - CEO Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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