01 July 2014

Never Underdressed announces closure

Shortlist Media Ltd has today announced the closure of Never Underdressed. The website which was launched 13 months ago to serve the luxury fashion market will cease publishing this week. Shortlist Media Ltd has entered into consultation with staff members on the Never Underdressed team. In total 14 staff members are affected.

Mike Soutar, Chief Executive of Shortlist Media Ltd said: “Despite having met all its advertising targets in the first year, Never Underdressed was unable to secure a sufficiently large audience to sustain it as a business in the long term. What became clear as we looked ahead to next year and beyond was that the team had established a beautifully crafted, high-end product, but the ability to scale it was not there. The decision to close has not been taken lightly. We carried out an extensive examination of issues facing the site, but could not see a viable future for the luxury product we’ve all been so proud of since its inception. Rather than reposition Never Underdressed into something unrecognisable we are acting now to stem its losses"

Twitter: @TheNeverTeam

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Never Underdressed in 'e-zines'

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