\\,\, \\„ A GRACE-FULL DEBUT BY CARLA JEAN SCHWARTZ race Mirabella received a tempting offer from a wealthy man. It was ut- terly irresistible, she says. The offer: To start a fashion magazine named after herself. The wealthy man: Media magnate Rupert Murdoch. The proposition is well deserved. Grace Mirabella is a prominent force in the fashion industry, having worked for Vogue magazine for 37 years, the last 17 years as editor-in-chief. Her name, as well as her persona, has now moved from the masthead at Vogue to the cover of the magazine Mirabella, which debuted in June 1989. It's no secret how she jumped ship or, rather, how she was thrown over- board at Vogue. Along with millions of New York television viewers, Mirabella first heard of her dismissal from Vogue when gossip columnist Liz Smith reported it on the news. Mirabella managed to handle this shabby treatment with aplomb. "I was relieved to be out of there. And they did it in such a poor way. I took it as a break. Suddenly, I had the summer off," she says. But she neither had the time to relax nor the need to pamper her ego. In- stantly there were other job offers, and 106 STYLE Grace Mirabella, former editor of Vogue, plans to redefine terms in her new fashion magazine. she was seen lunching with Rupert Murdoch. Within four months, she was working for Murdoch Magazines as the publication director on a new magazine named after herself. "It's awesome," says Mirabella about having a magazine namesake. "I'm not quite sure when one gets used to it," she admits. When the staff answers the phone by saying "Mirabella," she still thinks they are calling her personally. The launching of a new magazine is a tough task in a competitive market. According to Samir Husni, a magazine analyst at the University of Mississippi, there are aobut 16,000 magazines be- ing published in the United States, with 49 new magazines introduced last year. The failure rate for start-up magazines is high — Husni estimates that only 18.5 percent reach the fourth year of publication. Magazines named after people, like Mirabella, are not a new concept. McCall's and Lear's are two other ex- amples, Husni mentions. "Thank goodness her name has a stylish ring. Can you imagine a magazine named Husni?" he asks. The name Mirabella can be translated from the Italian to mean "beautiful look- ing." And at age 60, Grace Mirabella does look beautiful. She has not-quite- shoulder-length blonde hair, and just the right amount of wrinkles to denote experience and not age. The fashion doyenne wears an ivory- colored blouse, black slacks, gold flats and a few bangle bracelets. No glitz, no frills—just casually elegant. She looks like an older version of Ivana Trump but with the style of Grace Kelly. And style is what Grace Mirabella believes her magazine is all about. In the first issue, her "Letter from the Editor" talks about style as well as a one-page article entitled "Mirabella Dic- tu," with a Grace Mirabella caricature by the artist Hirschfeld. "Style, as we see it, informs every aspect of our lives— where we travel, what we read, how we socialize, and how we think about ourselves as part of the world," says Mirabella. Style a la Mirabella is not trendy, not ephemeral and not glitzy. It's integrity and spirit. It is not what one wears but