Vice Media has acquired a majority stake in Garage magazine, Dasha Zhukova’stwice-annual art, fashion, and design magazine, the company announced today. The acquisition, terms of which were not disclosed, marks the launch of a 12th digital channel under the Vice Media umbrella, joining Vice.com, Broadly,Noisey, and Motherboard, among others. It’s one of several new channels the company plans to launch this year, including ones focused on gaming, travel, and the LGBTQ community.
The deal also signifies growth for the five-year-old Garage, particularly in digital and video. As part of Vice Media, Garage will enjoy expanded editorial offices in London and New York, as well as new international locations to be announced. The print edition will continue to be published on its twice-yearly schedule. Garage was founded by Zhukova, the former editor-in-chief of British fashion magazine Pop and wife of oligarch Roman Abramovich, the 12th richest person in Russia, according to Forbes. Zhukova will remain with Garage as editor-in-chief.