Departing Pearson boss heads for the exit on the back of more weak sales

Departing Pearson boss heads for the exit on the back of more weak sales as the pandemic adds to struggling education publisher’s difficulties

  • International sales were affected by immigration centres closing in Australia¬†
  • John Fallon has issued a set profit warnings, cut jobs and sold assets while CEO
  • Demand for traditional products such as university course textbooks have fallen¬†

Education publisher Pearson has revealed its sales have dived this year despite a surge in virtual learning in what is its last trading update with John Fallon as chief executive.

Its orders fell 14 per cent over the first nine months of 2020 compared to the same period last year as the coronavirus pandemic caused massive damage to its testing and North American courseware businesses.

Closed schools and test centres have

Read More