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Acquisition of Leading Art Retailer - SMARD ART Inc.
FOR IMMEDIATE RELEASE
January 23, 2023
The ANAYA ARTS COMPANY Inc. Acquires Leading Art Retailer SMARD ART Inc.
Ottawa, ON – The Anaya Arts Company is pleased to announce the acquisition of SMARD ART Inc., a leading retailer of art and accessories, specifically tailored to the Black demography. Over the past 2 years, SMARD Art has established itself as a leading player in the art retail industry, and this acquisition helps further strengthen the footprint of The Anaya Arts Company in a highly fragmented art retail market. The resulting company will now have operations in Art Wholesale, Direct to Customer Retail (online and brick and mortar) through the Anaya Arts and Smard Art brands, Manufacturing and Art Services.
Smard Art has been at the forefront of providing a high quality luxury art based products to its ever growing customer base on a recurring basis. The company has been successful in building a loyal following and generating strong revenue growth. This acquisition will further empower Smard Art to better serve its customers and further penetrate the “Art As A Service” industry.
The Anaya Arts Company is committed to continuing the legacy of Smard Art, and the acquisition will provide opportunities for the company to expand its offerings and bring new, exciting art to its customers. The company will continue to focus on supporting black artists and providing a platform for them to showcase their talents.
The Anaya Arts Company's CEO, Nana Safori, said, "We’ve had our eyes on Smard Art for a while because of the sheer excellence of their craft. This acquisition brings opportunities to strengthen our overall art retail reach and brings a whole new crop of customers to both brands. Further more, we get our strong base of manufacturing and team depth allows for some major cost savings.”
The Founder of Smard Art, Sylvine Maliko, will join the Anaya Arts Company as the VP of Creative and Marketing.
The terms of the acquisition were not disclosed. The Anaya Arts Company will continue to operate under its current name, and the Smard Art brand will be maintained.
About The Anaya Arts Company
The Anaya Arts Company is a leading provider of art-related services and products. We are a dynamic and growing company that operates several businesses in the art industry, including manufacturing, art services, art wholesale, and art retail. We have a dedicated team of over 18 people who are passionate about art and are committed to providing our customers with high-quality products and services. The company has been in business for over 3 years, and continues to seek new opportunities to service art needs of its customers
About Smard Art
Smard Art is a leading art retailer focused specifically on the black demography. The company has been in business for over 2 years and has established itself as a leading player in the art retail industry
For more information, please contact:
The Anaya Arts Company
Email: info@anayaarts.com
Phone: 613-604-5257
