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Allure publisher Agnes Chapski has been let go, Fashionista has learned via multiple sources. Late last year, Condé Nast announced a major restructuring strategy which involved streamlining and sharing resources across five teams: copy/research teams, editorial, creative, business and technology. A small round of changes followed, including taking Teen Vogue from nine print issues a year to a quarterly schedule; shuttering Self's print publication altogether; and layoffs at W that included executive beauty director Jane Larkworthy. The consolidation of teams has been taking place slowly over the past couple of weeks; it was widely expected that layoffs would continue into 2017.
Chapski has held the position of publisher and chief revenue officer at the brand for nearly nine years. According to a recent WWD report, additional layoffs and changes are expected to be announced next week. We have reached out to Condé Nast and will update with any further information.
UPDATE, Jan. 26, 2017, 5:00 p.m.: Glamour publisher Connie Anne Phillips and Brides publisher Michelle Myers have also been let go, in addition to Allure publisher Agnes Chapski, an internal memo from Condé Nast confirms.
The changes are indeed the result of a major restructuring of the business operations, which sees Condé Nast following a similar method to Time Inc. Titles will be organized by vertical under newly-titled chief business officers: Glamour, Allure, Brides, Teen Vogue and Self will be handled Kim Kelleher, previously chief revenue officer of Wired; Architectural Digest, Condé Nast Traveler and the Food Innovation Group (Bon Appétit and Epicurious), will be handled by Giulio Capua, currently the chief revenue officer of Architectural Digest; Vanity Fair and W will be handled by Chris Mitchell, currently publisher of Vanity Fair; GQ, GQ Style, Golf Digest and Golf World, the Wired Media Group (Wired, Ars Technica and Backchannel) and Pitchfork will be handled by Howard Mittman, currently publisher of GQ.
Perhaps unsurprisingly, Vogue and The New Yorker are to remain standalones under their current publishers — Susan Plagemann and Lisa Hughes, respectively.
Two new roles have been created at Condé Nast: chief marketing officer, to be filled by Pamela Drucker Mann (previously the publisher of the Food Innovation Group), and chief experience officer, to be filled by Josh Stinchcomb, the managing director of 23 Stories. Lisa Valentino, currently chief revenue officer of Condé Nast Entertainment, will become chief revenue officer, industry & agency; her role will be overseeing "chief industry officers" in the fields of Auto (Tracey Baldwin); Media and Entertainment, Retail and Travel (Mike Fisher); Telco, Tech, Business and Finance (Chris Gibbons); Beauty (Lucy Kriz); Fashion/Luxury (Brendan Monaghan); Pharma (Jen Mormile); and Food and Beverage and Spirits (yet to be named).
The company-wide changes also mark a departure from the use of the word "publisher," which could indicate a desire to separate its image from that of the print industry. All-in-all, it results in a pretty radical overhaul of Condé Nast's business side.