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Slouching Toward One World Trade

EBITDA positive or not, it’s estimated by some executives at the company that Condé Nast has lost significant sums during Lynch’s four and a half years at the helm, albeit for some decisions made before his time.
EBITDA positive or not, it’s estimated by some executives at the company that Condé Nast has lost significant sums during Lynch’s four and a half years at the helm, albeit for some decisions made before his time. Photo: Phillip Faraone/Getty Images
Lauren Sherman
December 7, 2023

Fresh off personal appearances at GQ’s Men of the Year events in Los Angeles and China, Condé Nast Global C.E.O Roger Lynch is headed to London next week, where members of his team have been embedded for several days in anticipation of a company-wide meeting on December 14. In theory, it’s going to be a cross-continental, live-streamed celebration of the company’s British employees harmoniously “coming together,” as those working in Vogue House relocate to the Adelphi, an also-historic building overlooking the Thames where ancillary divisions, like tech, have been posted up for years.

It’s logical that Lynch would want to be in London, in person, for this occasion. He is, after all, the global C.E.O. of Condé Nast, the first executive ever to hold that august title—itself an unintentional reference to the era when the Newhouses operated Condé Nast as two companies, one in the U.S. and the other in the rest of the world, just because. Now it’s all one entity, and Lynch has often reiterated the global nature of his remit. Last June, for instance, Lynch hosted a company-wide meeting from Beijing. Plus, given the past two weeks of layoffs in New York, not to mention the exit of top British executive Vanessa Kingori, who decamped to Google in November, the team in the U.K. needs to know their value to the future of the business.