The company FAC Mariela Gemisheva has resolved to liquidate. Liquidators have been appointed to carry out the procedure. Their primary task is to bring the company’s operations to an orderly end. This involves settling its outstanding affairs and “realising” its assets (i.e. converting them into cash).
The liquidators examined and inventoried all the assets located in the studio of the artist who represents the company’s “major shareholder”. As a result, they ordered the removal from their current location and made available for realisation, subject to potential interest, of the following items: the fashion collections “Out of Myself”, “Self-portrait.”, “Appearance & Being”, “Anonymous Transparency”, and other garments, objects, and photographs, as well as several framed drawings by the artist dating from the 1990s. The assets also include catalogues and five fashion videos, which are to be played on screens at the venue providing space for the liquidation.
Throughout the liquidation process, the company’s “major shareholder” is required to remain continuously present in the liquidation room for a period of 72 hours. Her task during the liquidation is to produce new artworks – in other words, to draw. The entire process is to be recorded, broadcast, and actively monitored both on site and online, on the YouTube channel of ICA-Sofia.
The liquidation will take place at Doza Gallery in Sofia from 19:00 on 12 November until 19:00 on 14 November 2026. During the procedure, the company’s assets will be offered for realisation at a 10% discount. All former shareholders and prospective investors will have the opportunity to acquire some of the assets included in the liquidation. *The company’s future remains uncertain – it will depend on the distribution of its assets and the relationships that emerge between those assets and their new owners.
The Liquidators: Andreya Gandeva, Kyril Buhowski, Nevelin Ivanov
Mariela Gemisheva is a fashion designer, artist, and lecturer. Over the course of her professional career, she has built up a substantial body of work comprising fashion collections, performances, installations, and objects. Her research interests focus on the contemporary aesthetic and ethical dimensions of fashion design, as well as the interaction between the body, clothing, and cultural identity. In her artistic practice, Gemisheva develops experimental approaches to fashion and performance, exploring the boundaries between clothing, the body, and visual art. American curator Roger Conover describes her as “inimitable in turning limitations into advantages”.*
*Roger Conover, catalogue “In Search of Balkania”, 2002.
