Model and entrepreneur Karlie Kloss has acquired the British bimonthly magazine iD from Vice Media Group.
As part of the acquisition, Kloss will become chief executive of i-D, according to a Vice Media Group memo obtained by The Hollywood Reporter. Financial terms of the acquisition by Kloss and his company, Bedford Media, were not disclosed.
Kloss also led a group of investors to purchase W magazine in 2020.
Vice Media Group, which also owns Vice.com, R29 and more, acquired iD magazine, which covers fashion, art, music and culture, in 2012. The sale comes after the group attempted to “streamline” the business. Bankruptcy of Fortress Investment Group.