1950, Prestel Verlag left Gmund and moved into the premises of a printing company in Munich. After initial failures, Prestel developed under Stresow into an important publishing house for travel literature, art history, and fine arts. Stresow remained a company director until his death in July 2010. In 1977, Jürgen Tesch joined the company as a shareholder and managing director. He established subsidiaries in London and New York City, and he also expanded the company's publishing to include architectural guides, exhibition catalogues, museum guides, and related materials. Tesch also started an English-language publishing program and set up distribution throughout the world. The company currently has over 1,000 books in print, with more than three-quarters in English. In 1999 there was a change in the shareholder structure of the publishing house: The Frankfurter Allgemeine Zeitung (FAZ) took over the shares of Nadine Capellmann Biffar and Gina Capellmann Lütkemeier and part of the shares of Jürgen Tesch. Tesch initially retained a 40% stake in Prestel-Verlag GmbH & Co. as managing partner and responsible publisher. In early 2005, the FAZ also bought Tesch's remaining shares in Prestel Verlag. 21st century: Acquisition by Random House At the end of 2005, the Frankfurter Allgemeine Zeitung decided to part with most of its book publishers. Deutsche Verlags-Anstalt and the publishing houses Kösel-Verlag and Manesse Verlag were sold to the Random House publishing group, which belongs to Bertelsmann. Prestel and also participation in the dtv Verlagsgesellschaft initially remained with the FAZ. In August 2006, the FAZ finally sold Prestel Verlag as well. The ownership shares were divided in three equal parts between Martin Dort and Johannes Heyne – who between them owned the publishing companies Christian Verlag and Frederking & Thaler – and Prestel's managing director Jürgen Krieger. Random House bought Prestel in June 2008. Martin Dort and Johannes Heyne left the company, and Christian Verlag and Frederking & Thaler were sold to publishing house GeraNova Bruckmann. Jürgen Krieger stayed on at Prestel as publisher. He pushed the internationalization of the publishing house; he separated the sales offices in London and New York City from the publishing house and separated them into small independent publishing units. As part of the integration of Prestel into the Random House publishing group, Prestel-Verlag GmbH & Co. KG was deleted from the commercial register in 2009. Random House stated that Prestel should work largely independently under the umbrella of the publishing