Almine Rech reopens in London with downsized gallery
International dealer Almine Rech is reopening in London with a downsized first-floor space in Mayfair, near Sotheby's on George Street, after closing her former London gallery in August and putting the UK business into voluntary liquidation. The new venue, roughly a quarter of the size of the previous one, will operate by appointment starting next month, showcasing curated presentations of 20th- and 21st-century works. A new company, Almine Rech Advisory, was registered on 30 September, with Rech as the controlling person and Maximilian Lefort as director. The liquidation was described as a technical step to restructure a lease that no longer aligned with the gallery's plans; Companies House filings showed a deficit of £6.3m, mostly from intercompany and shareholder loans, with no unpaid obligations to artists, employees, or suppliers.