Malaysia's largest publishing house closed
Published on: Saturday, May 02, 2020
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Kuala Lumpur: The increasingly difficult business landscape in Malaysia during the Covid-19 pandemic has claimed yet another victim from the business world.BluInc Malaysia, the largest publishing house in the country has closed down.
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According to Campaign Asia, the news was delivered through an internal memo that Campaign Asia managed to obtain.
BluInc Malaysia is behind some of the most well-known magazine titles including Harper’s Bazaar Malaysia, CLEO Malaysia, Cosmopolitan, Home & Decor, as well as many others.
Founded in 1974, the business has folded after 46 years due to significant losses and pressure it faced in an increasingly digitalised industry.
“We are in a period where there is little visibility on when we can see recovery from the economic turmoil resulting from the Covid-19 pandemic. Our business has already been under tremendous challenge from digital disruption over the past few years,” it saidADVERTISEMENT
With the current Movement Control Order (MCO) to contain Covid-19, the losses continued for the months of March and April and this trend is expected to continue for the next few months.Stay up-to-date by following Daily Express’s Telegram channel.
Daily Express Malaysia
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Over 200 members of staff are expected to be affected as a result of their business shuttering its doors for good from today onwards.
