Gollancz established his publishing company, Victor Gollancz Ltd in 1928. In 1936 Gollancz joined with John Strachey, the Labour MP and Harold Laski, the Professor of Political Science at the London School of Economics, to form the enormously successful Left Book Club.
When Gollancz died, in 1967, his daughter Livia Gollancz took over the company. She sold it to Houghton Mifflin, a Boston based independent publishing company in 1989, in preparation for her retirement. By that time the company was publishing a wide range of both fiction and non fiction books including science fiction, thrillers and children's books.
Houghton Mifflin sold Victor Gollancz to rival publisher Cassell in October 1992. Victor Gollancz Ltd was incorporated into Orion Books in 1998 and is now the science fiction and fantasy imprint of Orion Publishing Group Ltd.