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French prime minister François Fillon has announced that the reduced VAT rate applying to books would be raised from 5.5% to 7% from 1st January as part of a fresh economic austerity package to help rein in France’s massive public debt.
The new rate, which will not apply to food, energy and products and services for the disabled, is the same as Germany’s reduced VAT and is expected to add €1.8bn to government revenues. France’s full VAT rate remains unchanged at 19.6%.
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The number of titles published in France during the "rentrée littéraire" declined to 704 this year from 714 in 2010, but the number of publishers producing them rose to a record 231 from 208, according to market research firm GfK.
Behind the 11% increase are the small and medium-sized houses, which published one to three titles, noted Olivier Raynal, entertainment director at GfK Retail and Technology France.
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Former French culture minister Jacques Toubon has said he has high hopes that France will be able to cut VAT on e-books from 19.6% to 5.5% next January as planned without triggering the wrath of the European Commission.
Speaking at a recent conference in Paris about the future of books after the digital revolution, he said "we have a chance, even a very good chance" the cut will be accepted, according to trade magazine Livres Hebdo.
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The French Booksellers Association has elected vice-president Matthieu de Montchalin to succeed Benoît Bougerol as president, according to the French trade publication Livres Hebdo.
De Montchalin, who owns the bookshop L'Armitière in Rouen, won against Renny Aupetit, in the Syndicat de la Librairie Française (SLF)'s first ever two-candidate election. Aupetit is founder of the bookshop Comptoir des Mots in Paris and president of Librest, an internet portal and distributor for eight independent booksellers in eastern Paris.
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French cultural product chain Fnac has announced a new five-year strategic plan to help lift flagging sales as consumer habits change and competition from the internet erodes traditional markets.
Called Fnac 2015, the plan includes the opening of 30 new stores in France, mainly on the outskirts of towns, and in countries where it is already present. At the moment, the group operates 152 outlets, of which 82 are in France and 70 are abroad in Belgium, Brazil, Italy, Portugal, Spain and Switzerland.
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E-book sales in France amounted to 1.8% of total book sales last year, or €54m (£48.9m) excluding applications and licences, according to Antoine Gallimard, president of the French Booksellers Association (Syndicat National de l’Edition) and c.e.o. of Editions Gallimard.
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Fewer French booksellers think publishers are "serious and reliable" than they did 10 years ago, a survey has revealed.
Among 430 representative outlets surveyed in a poll taken for French trade weekly Livres Hebdo between 8th-22nd April 2011, 71% of independents, cultural product chains, supermarkets, online bookshops, clubs, discounters and department stores said publishers were "serious and reliable", down from 96% in the last survey taken 10 years ago, and 90% said they were attentive to fashion and current affairs, down from 96%.
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French culture minister Frédéric Mitterrand yesterday (16th May) called for publishers to increase booksellers' pay for their qualitiative work and for new measures to help shore up the sector, the French trade weekly Livres Hebdo reports.
Addressing the second day of a national conference organised by the French Booksellers Association (Syndicat de la Librairie Française, SLF), Mitterrand said that booksellers were "not recognised or valued enough".
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