Alsop Architects, one of Britain’s most colourful and internationally renowned practices, has been forced into receivership by a financial crisis.
Directors of the practice headed by the outspoken architect and artist Will Alsop have sold 40% of the business to R Capital, a London-based firm of venture capitalists, as part of a rescue plan after a string of dramatic and costly projects worldwide came to nothing, according to a report in today’s Building Design magazine.
Designing large boiled sweets clearly isn’t as profitable as it once was.
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