The story
During the decades following the Austro-Hungarian Compromise of 1867, and as a result of economic developments, limited liability publishing companies began to be formed. These became the business model for book and paper publishing in Hungary due to easier access to larger investment capital than the existing smaller businesses. The Singer and Wolfner publishing company was formed in 1885. Its founding members were Sándor Singer, and József Wolfner, who assumed the role of CEO. They changed their firm into the form of a limited liability company in 1923. Starting in 1943 it began to function as Új idők Irodalmi Intézet Részvénytársasag (New Times Literary Institute Ltd.).
From Wikipedia’s article on Singer and Wolfner, shared under CC BY-SA 4.0.3