Lucky Magazine announced Monday they are no longer producing a print edition.L
This news came after Condé Nast, the magazine’s publisher, announced last month that the magazine would be published as a quarterly as opposed to a monthly. The Lucky Group let go of 14 members, including the entire print team in light of the announcement. Some of the employees have been with the magazine since its beginning 15 years ago. However, the LuckyShops.com digital team remains safe from layoffs for now.
Major changes at the magazine began last August when the magazine announced it partnered with BeachMint to create The Lucky Group. Lucky also moved out of Condé Nast headquarters in November to a temporary office space, and by the end of April of this year, the then editor-in-chief Eva Chen announced her resignation.
The magazine was founded by Kim France in 2000 as a fashion and lifestyle magazine. With three editor-in-chiefs during its run, Lucky grew to have a circulation of over 1.1 million and published 10 issues a year.
The future of the Lucky Group is to be determined, as they are negotiating with investors for acquisition.