News Archive

As part of a review of the asset-base of the business, and prompted by a discussion with Erik Urnes (our owner’s husband), we identified a few months ago that Colart owned a potentially valuable painting by an artist called FN Souza. In the early 1960s Souza was an up-and-coming yet penniless Indian artist living in […]

Please find here the Colart’s sustainability report 2018-19 in English: Click here to access on the Bank. Chinese and French versions will be available soon. The report is a glimpse at Colart’s activities of the past 12 months. All Lindéngruppen companies are required to compile a report. Our ambition is for Sustainability at Colart to […]

Colart UK is pleased to announce the launch of a commercial partnership agreement with John Lewis & Partners, a chain of high-end department stores operating throughout the United Kingdom. Rolling out August 2019 across their full distribution comprising 36 stores and online, John Lewis & Partners will retail a highly curated edit of products from […]

Glossary 5 + 7 Forecast: Full year forecast conducted in August, based on 7 months actual results and 7 months forecast. Also called ‘summer forecast’. Adverse: lower or worse than expected/forecasted. AR/AP: Accounts Receivable (money owed to us)/Accounts Payable (money we owe). EAC: Expenses Affecting Comparability (i.e. one-off, non-repeating costs/income). EBIT: Earnings (profit) before interest […]

On Wednesday, 15th May, Colart inaugurated our new Distribution Centre in Piscataway. Dennis van Schie, CEO, said “A big moment in our Colart history which I am proud to have been part of”. Paul Schrotti, Lindéngruppen’s CEO, said «Colart should really be proud of this milestone and going forward the new DC holds good promises […]

Elephant is an important part of our strategy with the vision to create a one stop shop of products and services to a global community of artists.

Dear all, It is with sadness that we write to confirm the company’s decision to close the Huaibei canvas plant with immediate effect. Whilst we have been working hard to find an alternative to this decision, the competitive demands of the global canvas market mean that it is no longer financially viable to continue to […]