Hearst Magazines Sells Marie Claire US to Future

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Marie Claire US, a joint venture between Hearst Magazines and Marie Claire Album, has been sold to Future, which already owns Maria Claire UK.

Marie Claire US, a joint venture between Hearst Magazines and Marie Claire Album, has been sold to U.K.-based media company Future.

In a note to staffers, Hearst Magazines president Debi Chirichella said: “Over the past 27 years, we have worked closely with our French joint venture partner, Marie Claire Album, to create Marie Claire U.S. Our focus has always been on strategic long-term growth for the brand. As the industry continues to evolve, the partners believe that the brand would be better served by a single owner, rather than the current 50/50 joint venture structure.

“Our continued growth and success is proof of our strategy in action. We’ve had fantastic results expanding the Marie Claire UK brand and we believe that with our expertise in terms of audience, ecommerce and platform, we can develop the offering to grow the Marie Claire U.S. audience significantly,” he added.

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