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 “as a business model, the magazine is not sustainable”. 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 Harper’s Bazaar Singapore.
“As the leading publisher in Singapore and the region, SPH Magazines and SPHM will consolidate and refocus its stable of women’s magazines under the fashion and beauty genre. We present titles such as Her World, Female, Singapore Women’s Weekly, Cleo, Simply Her, Nuyou, The Finder and Shape,” the spokesperson added.
The Cosmopolitan brand came under the SPH Magazines umbrella in 2011 following an acquisition of ACP Magazines. With the acquisition, SPH Magazines took over ACP Magazine’s 50% share in the joint venture with Hearst Magazines International, which publishes Harper’s BAZAAR and Cosmopolitan in Singapore and Malaysia.
SPH Magazines also became the trademark owner of The Women’s Weekly and CLEO in Singapore, Malaysia and Indonesia, and The Finder in Singapore and Malaysia. It also take over ACP Magazine’s 50% share in the joint venture with Hearst Magazines International, which publishes Harper’s BAZAAR and Cosmopolitan in Singapore and Malaysia.