Cosmopolitan Singapore is set to cease operations after four years in the Singapore market.
The last issue of Cosmopolitan Singapore will be its October 2015 copy.
A spokesperson from SPH Magazines confirmed the news to Marketing adding that Cosmopolitan Singapore was “launched in a crowded lifestyle market” and âas a business model, the magazine is not sustainableâ. SPH Magazines declined to comment further on the latest revenue figures the magazine drew in. All current permanent staff members of the magazine will be re-deployed within the company.
Meanwhile, SPH Magazines will continue to work with Hearst Magazines International on Harperâs Bazaar Singapore.
âAs the leading publisher in Singapore and the region, SPH Magazines and SPHM will consolidate and refocus its stable of womenâs magazines under the fashion and beauty genre. We present titles such as Her World, Female, Singapore Womenâs Weekly, Cleo, Simply Her, Nuyou, The Finder and Shape,â the spokesperson added.
The Cosmopolitan brand came under the SPH Magazines umbrella in 2011 following an acquisition of ACP Magazines. With the acquisition,Â SPHÂ Magazines took over ACP Magazineâs 50% share in the joint venture with Hearst Magazines International, which publishes Harperâs BAZAAR and Cosmopolitan in Singapore and Malaysia.
SPH Magazines also became the trademark owner ofÂ TheÂ Womenâs Weekly and CLEO in Singapore, Malaysia and Indonesia, and The Finder in Singapore and Malaysia. It also take over ACP Magazineâs 50% share in the joint venture with Hearst Magazines International, which publishes Harperâs BAZAAR and Cosmopolitan in Singapore and Malaysia.