Karlie Kloss is making a big new purchase.
The 31-year-old model and entrepreneur acquired fashion publication i-D Magazine from Vice Media Group amid the group’s restructuring post-bankruptcy, via Variety.
The financial terms of the deal were not disclosed.
Karlie will lead the British brand as the CEO, with i-D‘s top editor Alastair McKimm to expand his role as chief creative officer and global editor-in-chief.
The sale was handled through Karlie‘s newly formed company, Bedford Media, where she serves as chairwoman.
She “has a deep passion for technology and the intersection of fashion, media and culture and how we can create interconnectivity between the digital and physical worlds,” a rep said in a statement.
In 2020, she was part of an investor group that acquired W Magazine, the fashion publication formerly owned by Condé Nast.
In personal news, Karlie Kloss opened up about her body four months after welcoming her second child with husband Joshua Kushner.
