Damien Hirst scales back business activities to focus on making art
Art Business

Damien Hirst scales back business activities to focus on making art

The former YBA has laid off 50 staff and bought a £40m studio in Soho, opening next year Damien Hirst in 2013 © Gazanfarulla Khan via Creative Commons Damien Hirst, the artist who famously built his global brand with an art production line, sales and marketing team, administrative sector and finance and investment division, is streamlining his business to “focus on his art”, according to a spokeswoman for his company, Science (UK) Ltd. As part of the restructuring, the British artist has laid off 50 members of staff, mainly working in finance and IT, although there have also been some losses in his London and Gloucester studios. Directors James Cameron, Jude Kelly and Sylvia Park all left the firm last year. The spokeswoman declined to comment on current staffing figures. Investments are instead being made in a new studio on Beak Street in Soho, central London, which Hirst bought for around £40m, according to Companies House. The new complex is expected to open next year after extensive renovations and is set to become Hirst’s flagship studio in the UK capital, comparable in size to his workshop in Southwark, south London. The artist’s recent return to painting is well-documented, but […]

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Damien Hirst scales back business activities to focus on making art
Art Business

Damien Hirst scales back business activities to focus on making art

The former YBA has laid off 50 staff and bought a £40m studio in Soho, opening next year Damien Hirst in 2013 © Gazanfarulla Khan via Creative Commons Damien Hirst, the artist who famously built his global brand with an art production line, sales and marketing team, administrative sector and finance and investment division, is streamlining his business to “focus on his art”, according to a spokeswoman for his company, Science (UK) Ltd. As part of the restructuring, the British artist has laid off 50 members of staff, mainly working in finance and IT, although there have also been some losses in his London and Gloucester studios. Directors James Cameron, Jude Kelly and Sylvia Park all left the firm last year. The spokeswoman declined to comment on current staffing figures. Investments are instead being made in a new studio on Beak Street in Soho, central London, which Hirst bought for around £40m, according to Companies House. The new complex is expected to open next year after extensive renovations and is set to become Hirst’s flagship studio in the UK capital, comparable in size to his workshop in Southwark, south London. The artist’s recent return to painting is well-documented, but […]