image courtesy of nylon mexico
The Fashion Law Exclusive - There has been quite a bit of drama following Nylon's magazine acquisition by the still unnamed venture headed up by former Rolling Stone publisher Dana Fields and Election.com founder Joseph Mohen (until he left the company right after being named CEO) and backed by Diversis Capital (which is headed up by Los Angeles-based investor Marc Luzzatto) and Backbone Capital Advisors, and the subsequent merger with FashionIndie. And it turns out, the drama is not limited to the U.S. Before we move to international relations, it is worth noting recent developments in the U.S., namely: The appointment of Michelle Lee, formerly of Magnified Media and InTouch, as editor-in-chief of Nylon and Nylon Guys, effective June 25. She is replacing Marvin Jarret. FashionIndie co-founder Daniel Saynt has been named executive vice president, digital, and fellow FashionIndie co-founder Beca Alexander is now influencer-at-large at NYLON.
Earlier this month, members of the editorial team behind Nylon Mexico took to their personal Twitter accounts to announce that they are all departing from the magazine. Yesterday, Nylon Media Inc. (now under the control of the aforementioned unnamed venture) issued a statement saying that the license to the Nylon Mexico magazine had been acquired by a new company, Nylon Spanish SA de CV. Additionally, the new licensee will cover Mexico and Latin America under the Nylon Spanish moniker.
While the ownership of Nylon is sorted out in court in the U.S., stemming from the suit brought by Nylon co-founders co-founders Marvin and Jaclynn Jarrett, Nylon Media Inc. is reportedly overseeing publication of the US and Mexican versions of the magazine. More to come …