I doubt this is a real font. I think you may achieve a similar result by customizing & deforming Kepler Std (Medium Condensed Display)

i thought Utopia wasn't bad. the P touches there, but the thick/thins aren't right.

Agree with previous comments, don't think it's a font as it. Top half part of the base serif has been kept and half bottom has been stretched (really obvious on /U). The key point is the P with its slightly falling bowl.

But that's exactly how some people "make" a font, and redistribute it for free. :-/

hhp

The Purple Fashion homepage has a photo that shows a few more glyphs, possibly a custom font for the magazine?