Peter Lik to close all his Australian galleries!
Yes you’ve heard it right! Peter Lik is reportedly closing all his Australian galleries due to a downturn in sales. The Saturday edition of Cairns Post carried an article that stated while sales had dropped dramatically in Australia, business was booming in the US.
“In an effort to focus attention on the burgeoning worldwide market, plans have been drawn for the suspension of operations in Lik’s four Australian galleries,” said Peter Lik Corporation chief executive officer Stephen Borzi.
“The company will now focus its attention on worldwide expansion and consider future plans for a larger base of operations in Australia.”
Establishing his first gallery in his hometown Cairns back in 1999, he quickly opened three more over the next two years in Port Douglas, Noosa and Sydney. He has based himself in the USA for the past 7 years or so, successfully opening numerous galleries all over the country.