It's official, the press release came out on February 2, 2024. Tsume Art has reached a financing agreement with the investment fund CIM Capital, nicknamed the "doctor of companies" by the local press.
The amount of the capital increase has not been disclosed, but it will enable Tsume to continue to grow more smoothly after posting a cumulative loss of 1.5 million euros, including 780,000 euros in the last published financial year alone, ending in March 2023.
Cim Capital's legal advisor, the Quinz law firm, confirms that the capital contribution will enable them to hold a controlling stake in Tsume Art. According to the press release, "CIM Capital will support the management in the professionalisation of the company and the continued deployment of its strategy".
Considering the financial heavyweights in the Belgian finance sector behind the CIM Capital fund (Marc Coucke, SFPI, and PMV), there is no doubt that Tsume Art is strengthened by this operation, both financially and managerially.
This is also excellent news for the shops and customers of Tsume Art, still reeling from the judicial liquidation of its competitor, Oniri Creations, just two weeks ago.
However, given the confidential nature of the transaction and the lack of recent public figures, we will have to wait until the second half of 2024 and the publication of the company's 2023-2024 financial statements to get a clearer picture of its true financial health.
Tsume is refinanced and secures its future
- Categories : Life in the shop