Harry Potter Printer Reveals “Serious” Accounting Errors
Aug 30, 2006
Posted by Melissa Anelli
British printing firm St. Ives, best known for printing the Harry Potter book series, has been “hit by a major scandal” after “serious accounting errors” were revealed. The errors occurred in the firm’s point-of-sale division (customers include Marks & Spencer and WH Smith Bookseller) and resulted in the firing of the person responsible. The errors reduce the St. Ives’ annual profits by £2.8 million, which caused the company’s shares to tumble by 10%.