Category Archives: Condé Nast

Reddit shares priced at $34 in largest IPO by social media company in years

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Platform to make its debut on New York stock exchange on Thursday with a market value of $6.4bn

Reddit will enter a new era as a publicly traded company with a market value of $6.4bn after the social media platform’s initial public offering was priced at $34 per share.

The price, announced late on Wednesday, came in at the top of the target range set by Reddit’s investment bankers as they spent the past few weeks gauging investor demand for the stock. It sets the stage for Reddit’s shares to begin trading Thursday on the New York stock exchange under the ticker symbol RDDT in the largest initial public offering by a social media company in years.

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Vogue China’s Margaret Zhang, youngest person appointed as an editor at magazine group, to step down

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Australian Chinese former fashion blogger, whose appointment in 2021 was met with controversy, announces she is leaving the magazine

Three years after becoming the youngest person to hold an editor title at Vogue, Margaret Zhang is leaving her position as editorial director of Vogue China.

The Australian Chinese creative director announced her exit on Instagram on Monday, writing: “As we kick off a transformative Year of the Dragon, I’m excited to announce that I have decided to wrap up with Vogue and jump into the next chapter of my career.”

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Vox and Condé Nast are latest to announce media layoffs

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Vox lays off at least 20 people in second round of cuts this year while Condé Nast to reduce staff by 5% over next few months

Vox Media and Condé Nast announced sweeping cuts this week in various departments, adding to a long list of recent upheaval within media organizations around the world.

The two media powerhouses held layoffs on Thursday after losing a hard-fought battle against the declining ad market, which makes up a large portion of revenue for these companies.

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British Vogue editor-in-chief Edward Enninful promoted to new role

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After six years at the helm of British Vogue Enninful is poised to take on new global role at Condé Nast next year

It’s one of the most coveted jobs in fashion. But, just six years after being named editor-in-chief of British Vogue, Edward Enninful is stepping down from the position. Or, rather, stepping up to take a new global role at the publisher Condé Nast that invites speculation he occupies pole position to one day take over from the legendary editor-in-chief, Anna Wintour.

“I am excited to share that from next year I will be stepping into the newly appointed position of editorial advisor of British Vogue and global creative and cultural advisor of Vogue, where I will continue to contribute to the creative and cultural success of the Vogue brand globally while having the freedom to take on broader creative projects,” Enninful wrote to staff.

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Drake and 21 Savage sued over use of Vogue name to promote new album

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Condé Nast files complaint in Manhattan federal court after rappers allegedly use trademark without permission

The rappers Drake and 21 Savage have been sued by Condé Nast, the publisher of Vogue magazine, for allegedly using the Vogue name without permission to promote their new album, Her Loss.

Condé Nast claimed the musicians’ promotional campaign, including to their more than 135 million social media followers, was built “entirely” on the unauthorised use of Vogue trademarks and false representations that they would appear on Vogue’s next cover, and with the “love and support” of the magazine’s longtime editor-in-chief, Anna Wintour.

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Inside Vogue, where women have the top jobs but men still rule

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A new account of life at the fashion bible claims that female staff have been undermined and humiliated for decades. The author reveals why she wrote it

As a fashion-obsessed teenager, I dreamed of working for Vogue. What girl didn’t? This was in the 2000s, and smartphones weren’t everywhere yet, so we’d leaf through the latest copy hungrily at the back of the class. I loved the pictures, the clothes, even the adverts. But most of all I loved the masthead and the index. Who were these glamorous humans with lovely-sounding names and exotic job titles?

Mostly, of course, they were women. That’s the thing about a place like Vogue. It’s a huge global corporation with a lot of soft power, yet unlike most such companies, it has always had women at the top. But not right at the top.

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Teen Vogue: controversy continues after editor-in-chief apologizes for anti-Asian tweets

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Ulta Beauty ‘paused’ advertising campaign with the magazine because of Alexi McCammond’s tweets

Controversy around the new Teen Vogue editor in chief Alexi McCammond continues after she apologized for tweeting anti-Asian remarks in 2011.

McCammond apologised for the tweets in 2019 and again this week, calling them “offensive, idiotic” posts. On Thursday she posted a new statement to Twitter in which she said: “I’ve dedicated my career to giving a voice to the voiceless, and the last thing I’d ever want is to make anyone – especially our Asian brothers and sisters in particular – feel more invisible,” she wrote. “And I know that that is a unique source of pain in all of this, too: That historically the AAPI (Asian American and Pacific Islander) community has been left out or ignored in critical conversations around race, racism, justice and equality. I am determined to play a part in changing that.”

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Teen Vogue employees protest new editor-in-chief over anti-Asian tweets

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Staffers sent letter to Condé Nast after racist tweets written by Alexi McCammond 10 years ago resurfaced

Employees at Teen Vogue have sent a letter to publisher Condé Nast, protesting against the hiring of Alexi McCammond as editor-in-chief of the influential magazine.

It follows the resurfacing earlier this week of a series of racist tweets written by McCammond 10 years ago.

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Can Anna Wintour survive fashion’s reckoning with racism?

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While Condé Nast has said the Vogue editor-in-chief will not be stepping down, turmoil has been mounting as employees past and present speak out

For decades she has stood astride the fashion industry, micro-managing the look and content of US Vogue, marshaling a significant part of the global fashion industry to her worldview, and presiding over a annual gala which, at $25,000 a head, paying guests and favored courtiers mounted lavishly-carpeted steps of Metropolitan Museum of Art to symbolically kiss the ring.

But for Anna Wintour this has been her annus horribilis. New York fashion week has been written off, the Met Gala has been cancelled, magazine advertising revenues are plummeting and there are scarcely any frocks to shoot since the coronavirus barged its way into the European fashion shows in February.

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