Condé Nast has announced that it will be closing L’Uomo Vogue, Bambini, Sposa, and Gioiello.
According to an article on WWD, Condé Nast has announced that it will be closing L’Uomo Vogue, Bambini, Sposa, and Gioiello. The company also announced jobs cuts.
The magazines are all Italian publications run by Vogue Italia with L’Uomo for menswear, Bambini for childrenswear, Sposa for bridal, and Gioiello for Jewelry. L’Uomo Vogue is the largest of all the magazines. It launched in 1968 and has a readership of 300,000.
Vogue Italia will remain open with Editor in Chief Emanuele Farneti.
Although the company has announced that the magazines will be closing, it hasn’t specifically said when they will be closing.
Condé Nast Italia CEO Fedel Usai released a statement saying,
“the biggest mistake in such a moment of huge changes would be to not make decisions. Our vision is simple – we selectively invest in top brands and in digital development. This also implies taking difficult yet necessary decisions. We want to give the best visibility possible to our advertisers through the brands which have the potential, especially digitally, to greatly support their communication. The success of Vogue Italia’s September issue demonstrates that we are on the right path.”
As for the job cuts, employees who work at the closing magazines will receive 40 months severance pay. It was also said that Condé Nast “will start cutting an employee each month,” according to sources with knowledge of the job cuts.
Condé Nast has not yet announced how many jobs will be cut.
So, what do you think? When will the magazines be closing? Let me know in the comments below. Also, don’t forget to subscribe to get new posts sent directly to your inbox and follow me on Facebook Instagram and Snapchat.
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