Australian publishing house KK Press has called in the liquidators, marking an end to fashion and lifestyle magazines T: Australia and Cosmopolitan Australia.
Lindsay Stephen Bainbridge and Timothy James Bradd from Pitcher Partners have been named as liquidators.
KK Press was founded in late 2020 by Katarina Kroslakova after five years of leading The New York Times. In 2024, her company secured rights to relaunch Cosmopolitan in Australia, but that was then wrapped up in January this year, a few weeks before the overarching company called in the liquidators.
Kroslakova shared the news in a LinkedIn post, saying that despite the closure, her publishing house is ending on a high.
“In just seven months, Cosmopolitan Australia became the most widely read Women’s Lifestyle Magazine,” Kroslakova said.
“T Australia achieved 25 per cent year-on-year readership growth, a remarkable achievement in a highly competitive market.
“My team not only brought nostalgia back, we energised the sector. When we launched, the excitement and support from the media industry and readers was like anything I’ve experienced before. I will treasure it forever. But it’s not easy.”
According to Kroslakova, “cash flow was brutal”, which had led to the decision to wrap up the business. But she made a plea to the industry and consumers, saying it must thrive.
“If we lose magazines, we lose more than just the publications themselves; we lose voices, culture, and the stories that shape who we are,” she noted.
KK Press’ collapse and the wrap-up of T: Australia and Cosmopolitan Australia also follow a raft of collapses across the fashion industry in recent years, including Bondi-based resortwear label Le Salty, Jeanswest, Ally Fashion, Harrolds and Queensland-based activewear brand Exotic Athletica.