Photo from Daily Stab.
I have been hearing these rumors about Hearst buying Elle for quite a long time now, but they have actually been confirmed recently. Lagardere, who owns Elle’s publisher Hachette Filipacchi, has confirmed they are looking into different business opportunities. What that means is that they are looking for “anything from partnerships to joint ventures to an outright sale.”
Elle could be sold to Hearst publications because they are one of the companies looking into the magazine. I think this is very interesting. Whatever happens between Elle and Hearst, I hope that it is all good because I really like Elle magazine. I think it is a great magazine, and the graphics and pictures are really a source of inspiration for me. Lagardere plans to keep editorial control of its foreign magazines like American Elle, but business wheelings and dealings like this make me very nervous.