Condé Nast Italia discontinues Vogue Italia’s sister publications

Condé Nast Italia is closing Vogue Italia’s sister publications L’Uomo Vogue, Vogue Bambini, Vogue Sposa and Vogue Accessory.

According to the national media reports the company will continue the Vogue heritage with Vogue Italia main title. The magazine was re-launched this month under the direction of editor-in-chief Emanuele Farneti, who, in January, succeeded the late Franca Sozzani.

“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” said Condé Nast Italia chief executive officer Fedele Usai. “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” reports WWD.

As expected, the closure will  result in cuts in staff “the number of which could not immediately be learned. Staff being laid off are said to be offered a severance package of 40 months’ pay. In addition, market sources contend that  in the next few months Condé Nast will start cutting an employee each month”.

Condé Nast Italia, the publisher of GQ, Glamour, Vanity Fair, Condé Nast Traveller, Architectural Digest and La Cucina Italiana, saw its business grow last year.

The company, which closed 2016 with revenues of 127.3 million euros, registered an increase in profits to 3 million euros compared to the 2.3 million euros in 2015.

As reported by Fashionisto Condé Nast Italia’s editorial committee has issued a four-day strike on the 3rd of August. “From what we have seen so far, the cuts in the cost of editors only lead to the hiring of several external consultants and managing figures without the development of a long-term editorial strategy,” said Condé Nast Italia’s journalist committee in an official statement provided for WWD. In addition, the committee is requesting a “serious strategy to relaunch its magazines” to avoid further layoffs among the editorial teams.

The company’s plans to discontinue Vogue Italia’s sister magazines, which are comprised of 14 journalists, will result in cutting up to 40 editorial jobs.