Photopia event gains the support of German photographic industry
People on the Move
Personalized gift supplier and manufacturer Signature Gifts has appointed Photobox’s former group chief manufacturing officer, Renaud Besnard, as its new chief operating officer, as the company eyes international growth, according to PrintWeek.
Oldenburg, Germany-based photo product maker CEWE Stiftung & Co. KGaA anticipates a significant earnings increase when 2020 financial results are reported. Uncertified initial figures CEWE concluding the year with a group turnover increase in the range of around 727 million euros (2019 FY: 720.4 million euros)
Photo-Me to delay financial reports
Photo-Me International plc announced, following consultation with its auditor, Mazars LLP, the release of the group’s results for the 18-month period ended Oct. 31, 2020, will be postponed until March 10, 2021. The company said the “postponement is solely due to the challenges in preparing and auditing the accounts posed by the ongoing COVID-19 pandemic, and in particular the recent restrictive lockdown measures imposed by the governments of those several countries in which the Group operate.”
Adobe reported, in the fiscal year 2020, Adobe achieved record annual revenue of $12.87 billion, which represents 15 percent year-over-year growth. Fourth-quarter revenue was also a record, at $3.43 billion.
Israeli AI image recognition company Pomvom is targeting an IPO on the Tel Aviv Stock Exchange at a valuation of NIS 150 million (approximately $45 million), according to anonymous sources confiding to Calcalisty. Pomvom bought U.K. based entertainment and theme-park imaging company Picsolve last summer.