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 â€śas a business model, the magazine is not sustainableâ€ť. 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 Harperâ€™s Bazaar Singapore.
â€śAs the leading publisher in Singapore and the region, SPH Magazines and SPHM will consolidate and refocus its stable of womenâ€™s magazines under the fashion and beauty genre. We present titles such as Her World, Female, Singapore Womenâ€™s Weekly, Cleo, Simply Her, Nuyou, The Finder and Shape,â€ť 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 Magazineâ€™s 50% share in the joint venture with Hearst Magazines International, which publishes Harperâ€™s BAZAAR and Cosmopolitan in Singapore and Malaysia.
SPH Magazines also became the trademark owner ofÂ TheÂ Womenâ€™s Weekly and CLEO in Singapore, Malaysia and Indonesia, and The Finder in Singapore and Malaysia. It also take over ACP Magazineâ€™s 50% share in the joint venture with Hearst Magazines International, which publishes Harperâ€™s BAZAAR and Cosmopolitan in Singapore and Malaysia.