Business
Bloomsbury to grow Academic sales in Asia
Bloomsbury Publishing Plc has launched a new base in Singapore to capitalize on the rapidly growing student population in Asia, which is projected to increase from 264 million in 2023 to 600 million by 2040, with over 60% in Asia. This strategic expansion aligns with the company's Bloomsbury 2030 vision and strengthens its portfolio of portfolios strategy, aiming to enhance direct relationships with higher education institutions and tailor content for Asian markets, particularly through Bloomsbury Digital Resources. The Singapore office, alongside existing operations in India and Australia, provides a robust platform for increased sales across the region. Disclaimer*
About this update from Bloomsbury Publishing Plc
[{"type":"text","content":"\n\nBLOOMSBURY PUBLISHING PLC \n(\"Bloomsbury\" or \"the Company\")\n \nBloomsbury implements strategy to grow Academic sales in Asia on the back of dramatically increasing student numbers\n \nBloomsbury Publishing Plc (LSE: BMY), the leading independent publisher, is pleased to announce the launch of a new base from which to publish for the exploding number of university students in Asia with the opening of Bloomsbury Singapore today. In line with the Bloomsbury 2030 vision, this geographic expansion strengthens our portfolio of portfolios strategy and further positions the business to benefit from growth in the region.\n \nThe World Bank estimates that global higher education students will grow from 264m in 2023 to 600m by 2040 with over 60% in Asia (Calderon, UNESCO). This makes it a very attractive market for our academic publishing business and Singapore will be our base to harness this huge growth in the region. Together with our offices in India and Australia, it gives Bloomsbury a strong platform to further grow sales across Asia.\n \nThe early focus of the Singapore office will be on expanding our direct relationships with higher education institutions, and tailoring more content for Asian markets, particularly to be delivered through Bloomsbury Digital Resources.\n \n \nNigel Newton, Founder and Chief Executive of Bloomsbury Publishing commented:\n \n\"I am pleased to announce the opening of our new base in Singapore. Whilst we have sold books and digital resources in Asia for many years, having an editorial base in Singapore and tailored content will allow us to strengthen local partnerships, expand our activity in the region and capitalise on the growing student population. Singapore is a thriving and dynamic country, and we are excited by the opportunities this new office will bring as our base for Bloomsbury expansion throughout Asia.\"\n \n \nFor further information, please contact:\n\n\n\n\nBloomsbury Publishing Plc\n\n\n\n\n\n\n\nTamsin Garrity, Group Investor Relations Director\n\n\[email protected]\n\n\n\n\nHudson Sandler\n\n\n\n\n\n\n\nDan de Belder / Hattie Dreyfus / Emily Brooker\n\n\[email protected]\n\n\n\n\n\n\n\n\n\n \n\n","length":5814,"tagName":"div"}]