Future buys Marie Claire US for undisclosed sum
Media platform Future said it had bought Marie Claire US, a joint venture between Marie Claire Album SAS and Hearst Magazines Media, for an undisclosed sum.
Future said it had signed a five-year license agreement with Marie Claire Album to operate in the US and Canada.
Marie Claire US reached 17.5m monthly online users in 2020 with revenue of $19.1m of which around half represents digital media revenue.
“The acquisition follows Future's acquisition of Marie Claire UK in 2020 and builds on the ongoing success of the MarieClaire.co.uk brand,” the company said on Wednesday.
“It strengthens Future's position in the women's lifestyle vertical in North America in line with the Group's strategy to achieve brand vertical leadership across English speaking markets.”