The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The publisher of Vogue, GQ and Vanity Fair is trying to cut down on office costs by reducing the rent and square footage at its US headquarters, reported the Wall Street Journal. The publisher owed $2.4 million in January 2021, according to a bond document filing from the Port Authority of New York and New Jersey, the co-owner of One World Trade Centre.
Before the pandemic, Condé Nast had already started cutting back on the size of its space in the famous building, subleasing 150,000 square feet to other businesses.
The publisher is also reportedly looking to lease office space in New Jersey for some of its operations.
“Advance continues to be in discussions about bringing the lease in 1WTC into line with current market conditions and its ongoing needs at that location,” a representative for Advance, Condé Nast’s parent company, told the WSJ. “We are also considering alternative solutions to address these requirements.”
Luxury book publishers — and husband and wife — Prosper and Martine Assouline join BoF founder and editor-in-chief Imran Amed to discuss the genesis of their publishing business and how they are growing it into a global lifestyle brand.
Now under the ownership of British publisher Future, both Marie Claire and WhoWhatWear are contending with how to grow their new parent’s US operations in the ever-challenging media landscape.
Fast Company has named The Business of Fashion one of the ‘world’s most innovative companies’ for a second time for demonstrating ‘how a media brand can leverage AI to add reader value rather than erode trust with AI-written news articles.’
The ByteDance-owned app has big ambitions to be an e-commerce player in league with Amazon with influence in fashion on par with Instagram. Now it’s facing new threats — both from outside and within.