Omar and Summer Obaid quit their corporate jobs to start e-commerce art business Abstract House in 2016.
Eight years after the launch, they expect the company to make around £2 million this year. Including the couple, the business has 10 staff. And in 2020, they moved to a showroom, office and production space in west London where they could produce the artworks, store stock and pack orders for delivery.
Abstract House is seeing the cost of goods increase."As a British manufacturer, one of our major challenges is the cost of raw materials, energy prices and shipping prices which have all risen sharply in the past three years and seem to be on an upward trend," Summer told CNBC by email. Abstract House will also supply 68-story South Quay Plaza — an upscale residential building under development in London's Canary Wharf — with more than 300 pieces of art for its communal areas.
Source: News Formal (newsformal.com)
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