The Latest At The Publication: The Lucky Group To Shutter

And the changes at The Lucky Group continue. Last April, donbleek.com reported that editor-in-chief, Eva Chen announced her departure from the Condé Nast-owned publication and in May we also reported that the fashion print will go quarterly, and has laid off 14 staffers.

The Lucky Group‘s president, Gillian Gorman Round also left the company to return to the marketing realm.

Less than a month after the magazine announced it plans to go quarterly, “The Lucky Group will be closing and firing its entire staff,” according to Fashion Week Daily.

The company was formed last summer as a joint venture between BeachMint and Condé Nast. An anonymous source told FWD that they’re “closing up shop because expected investment money did not come through“.

“Longtime staffers at the company, including those with lengthy tenure from years spent at Lucky when it was a Condé glossy, are expected to receive just two weeks’ severance. BeachMint’s Los Angeles HQ reportedly contacted two New York staffers at the company via email about the layoffs.”

Photo Credit: Lucky magazine

Source: Fashion Week Daily