Just read the news Vogue Portugal is closing for good. The media group owning the magazine fired 50 collaborators and announced that Vogue's last edition will be September's.
This explains plenty. The sudden editorial/design change last year with all the top models (Guinevere, Malgosia), the foreign photographers getting covers, the then sudden return to the "ELLE-like" photography... The magazine's sales had a huge drop and this was, apparently, imminent for some time now. It's sad.