Guardian Unlimited | The Guardian | Risk-taking architect bailed out after projects founder:

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.