Money gets lost at Russh magazine
WHEN Russh magazine launched its first issue three years ago, the local fashion industry was quick to predict its demise.
Now - despite growing circulation - threats of debt collectors and the resignation of key staff has again raised doubt about the glossy's future.
Confidential can reveal a leading Sydney model and artist agency have notified publisher
Dr Ian Davies that an outstanding debt of $19,000 owed by the magazine has been referred to debt collectors.
The notice also reached media and leading designers, including
Akira Isogawa and
Alannah Hill, advising of the magazine's credit woes.
It follows the resignation last week of the magazine's creative director
Trevor Stones and contributing features editor
Catherine Caines, who are both believed to be owed wages.
Insiders claimed the magazine had been plagued by a poor payment history, "just as circulation was going gangbusters".
Dr Davies, who did not return
Confidential's calls yesterday, split from
Bruno Giagu, his original business partner on
Russh , two issues after its launch in 2004.
In October, Davies syndicated the title, launching
Russh Japan, the first Australian magazine venture to enter the market.
But local fashionistas alleged Davies' now Alexandria-based operation was fraying.
"He acts like the industry owes him but excuse the cliche you've got to pay the piper," one mag source snipped.
http://www.news.com.au/entertainment...013560,00.html
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It is the best Aussie mag out there and I will be so hacked off if it folds.
Linear Mode
