PARIS.- Group Artcurial
, international player in the art market sector, announces the acquisition of John Taylor Group, one of the oldest and most prestigious real estate network in the world.
Since 2013, Artcurial and John Taylor have been linked by a strategic partnership aimed at providing a service always more efficient and complete for their customers. Today, by fully integrating John Taylor, the group Artcurial will be able to amplify and accelerate these synergies by constructing a global and complementary offer.
Indeed, Artcurial and the John Taylor real estate agency network share the same profession, that of intermediation, the same international clientele, that of "high net worth individual" (individuals with more than $30 M assets), and the same entrepreneurial spirit based on talent management.
« Thanks to investments carried out by the Pastor family for more than 20 years, the John Taylor brand enjoys an exceptional notoriety rate, and an excellent international implantation rate with a network of agencies in own and franchised, present in more than 29 essential global destinations and 14 countries. With this acquisition, Artcurial has launched a bold and pioneering strategy, adopting a new trade which will gradually be integrated with our overall business. The decision of external growth will allow us to create new opportunities. We will now be able to further develop our market shares in these two activities: the art market and auctions, and luxury real estate and related services. » Nicolas Orlowski, CEO, Artcurial Group
With this acquisition financed entirely with its own funds, Artcurial signs its first external growth operation at a large scale. It will participate in a significant manner to the growth of the groups results in years to come.
Nicolas Orlowski will become CEO of the John Taylor Group. He replaces Delphine Pastor who successfully presided over John Taylor activities, allowing it to become one of the leaders in the international scene.