Picture People abruptly closes doors: News reports
Struggling portrait studio chain The Picture People closed doors without notice on Friday, leaving employees and customers in a lurch, according to news reports. The chain, which emerged from Chapter 11 bankruptcy in November, 2016, operates in-store studios in WalMart, Buy Buy Baby, Sears and other in-mall locations.
KDKA -TV in Pittsburgh filed the report above, noting TPP Operating Inc., the parent company of Picture People, is “discontinuing US operations immediately. This impacts all Sears locations that currently house a Sears Portrait Studio.”
According to SEC filings, TPP Operating was a portfolio company of Monroe Capital Corp.
[…] nationwide in WalMart, Buy Buy Baby, Sears, and other in-mall locations. Dead Pixel Society writes that the chain filed for Chapter 11 bankruptcy in […]
[…] nationwide in WalMart, Buy Buy Baby, Sears, and different in-mall areas. Dead Pixel Society writes that the chain filed for Chapter 11 bankruptcy in […]