Niche Media Founder and Former CEO Hires Phil Witt for New Venture Du Jour Magazine
The magazine will target transactional readers who also meet five of the seven following qualifiers: Average net worth of $5 million+; liquid assets over $1 million; average home values in excess of $1.5 million; average income in excess of $250,000; annual offline transactional luxury purchases of $100,000+; $10,000+ online high-end purchases annually; annual philanthropic donations over $10,000.
ABOUT JASON BINN (dujour.com):
Jason Binn is the Founder and former CEO of Niche Media Holdings LLC, a leading publisher of luxury magazines nationwide including Gotham, Ocean Drive, Hamptons, Los Angeles Confidential, Aspen Peak, Michigan Avenue, and Capitol File. No longer at Niche, Binn has expanded into new areas, partnering with some of the most creative and inspired entrepreneurs of the day. In August of 2010 he was appointed Chief Advisor to the CEO and Founder of Gilt Groupe, Kevin Ryan. Binn was awarded Ernst & Young's "Entrepreneur of the Year" award, inducted into the American Advertising Federation's "Advertising Hall of Achievement," and featured in Crain's "40 Under 40" list of successful entrepreneurs.
ABOUT GILT (gilt.com):
Gilt is an innovative online shopping destination offering its members special access to the most luxurious merchandise, culinary offerings, and experiences every day, many at insider prices. Gilt continually searches the world for the most coveted brands and products, including fashion for women, men, and children; home decor; artisanal products; hotels and travel experiences on every continent; and unique activities in a growing list of cities and destinations.
ABOUT JAMES COHEN (hudsongroup.com and dufry.com):
James Cohen is President & CEO of Hudson Media Inc., a diversified magazine-service company which includes Hudson News Distributors LLC, one of the largest magazine and book distributors in the U.S. Additionally, Cohen is the founder and owner of Hudson News, the largest airport newsstand operator in the country and the leading travel retailer in North America. In 2008, Cohen and private equity firm Advent International merged Hudson News with Dufry AG of Basel, Switzerland, one of the largest airport duty-free operators in the world. Cohen now serves on the Board of Directors and is one of the company's largest shareholders. The Hudson News brand is currently represented in 11 countries throughout the world, and the combined Dufry/Hudson entity comprises over 1,160 stores in 45 countries and 160 airports and terminals. Dufry's duty-free stores carry some of the most prestigious brands in the world, including Cartier, Bulgari, Absolut, Estee Lauder, Chanel, Ralph Lauren, Hermes, Sony, and many others.