After London Fair Suffers Loss, CEO Departs and MCH Looks to Rebrand
Lucie Kitchener, the CEO of stalled design fair Masterpiece London, which shows works by antique dealers and designers, stepped down from the role in December, a representative for the fair’s parent company MCH Group told ARTnews recently. The departure was the latest shift for Masterpiece, which has not staged a fair since 2022; the MCH representative said that “future plans are under review” for the brand, though further details were not provided. In 2023, MCH, the Swiss events company that also owns Art Basel, announced in regulatory filings that it was cancelling that year’s edition of Masterpiece and that the fair would not run again in its current form, as it had been losing money since at least 2020. Related Articles Two years before that, in 2021, MCH’s directors reported in financial filings they expected Masterpiece London to “return to profitability” after recovering from the pandemic cancellation of the 2020 fair. That did not end up happening. In subsequent reports, MCH said that Masterpiece suffered a £2.2 million profit loss in 2022 and another £2 …