Peter Brant is angling to sell his embattled Interview magazine — to himself.
According to WWD, the mogul is moving to sell off the magazine — mired in more than $3 million in debt and being liquidated — for $1.5 million to a holding company that he’s set up called Singleton.
Brant is apparently pushing for the deal to close before the venerable mag’s September (or, at least, autumn) issue, which will feature model Hari Nef on its cover.
WWD reports that the same leadership team would remain under the plan, including Brant’s daughter Kelly.
Source: Read Full Article