Karlie Kloss, the model turned investor and entrepreneur, is acquiring the British fashion and culture publication i-D Magazine.
Once the deal is closed, Kloss will take on the chief executive role at the brand, with current editor-in-chief Alastair McKimm will expand his purview under the new title of chief creative officer and global-editor-in-chief. The purchase was made through Kloss’ newly-created company, Bedford Media, which will be i-D’s new parent company. Kloss will also serve as Bedford Media’s chairwoman.
The acquisition marks Kloss’ second foray into the world of media ownership; in late 2020 she led a group of investors that bought W magazine, striking a deal with Bustle Digital Group to act as publisher.
For the past decade, i-D has been under the ownership of Vice Media Group, which filed for Chapter 11 bankruptcy in May. The company was bought out of bankruptcy by a group of its lenders, including Fortress Investment Group, Soros Fund Management and Monroe Capital.
i-D, which was founded by designer and former Vogue art director Terry Jones, published its first issue in 1980, documenting the style of punk-era London. In the years since, it has developed a cult following over the years since for its unique blend of fashion and cultural coverage, striking imagery and insights into emerging culture.
Vice Media Files for Bankruptcy
Vice Media, which owns Vice, women’s media brand Refinery29 and fashion and culture-focussed publication i-D, filed for Chapter 11 bankruptcy.