Arts
Chemical Giant DIC Set to Shut Museum Featuring Monet, Picasso
- Art space near Tokyo became target in corporate value drive
- Activist fund Oasis is No. 2 shareholder with 8.6% stake
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Japanese chemicals maker DIC Corp. is shuttering its art museum and may sell off the collection which includes works by artists ranging from Claude Monet to Pablo Picasso.
The Kawamura Memorial DIC Museum of Art, a little more than an hour by train from central Tokyo, will temporarily close in late January as the company considers plans to downsize and relocate, it said in a statement Tuesday. It’s not ruling out exiting the business entirely and will make a decision by December, it said.