VICE Media will soon cease publishing art-meets-fashion magazine GARAGE. According to a report by the Business of Fashion, VICE will cease to publish the biannual publication after the release of its next issue this spring. The magazine is not expected to close, however, and its controlling stakes will go back to its founder Russian-American art collection Dasha Zhukova. Zhukova sold a majority stake in GARAGE to VICE in 2016 and remains in editorial director. According to BoF, she is conversations with European and American publishers to continue operations. 

“As our company continues to expand, it is critical to focus on opportunities aligned with our strategy,” said a representative for VICE in a statement. “The 10th-anniversary edition this Spring will celebrate all that the publication stands for. We wish GARAGE all the best as it moves forward into its next exciting phase.”

A spokesperson for GARAGE said: "Today, GARAGE reaffirms its commitment to championing collaborations from the world’s most celebrated creators, and renews its dedication to contemporary art. In seeking to maintain the magazine’s experimental spirit, GARAGE will return to its roots as a radical art object, focusing on the production of print editions."