The story
Founded by Nigel Newton.1
The company was founded in 1986 by Nigel Newton, who had previously been employed by other publishing companies. It was floated on the London Stock Exchange with a valuation of £9 million in 1994.
For much of its existence, Bloomsbury was a minor player in the British publishing scene. In 1997, Bloomsbury took a chance on publishing the Harry Potter series after it had been rejected by multiple publishers.
A rights issue of shares in 1998 further raised £6.1 million, which was used to expand the company, in particular to found a U.S. branch. In 1998, Bloomsbury USA was established. Bloomsbury USA Books for Young Readers was established in 2002, and in 2005, Bloomsbury acquired Walker & Co, a small company dedicated to publishing nonfiction. The Walker brand was discontinued in 2015 and sold to Walker Publishing Company.
From Wikipedia’s article on Bloomsbury Publishing, shared under CC BY-SA 4.0.5
