Picture People abruptly closes doors: News reports

GaryPageau ,

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.

Picture People website this morning

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Gary Pageau is principal of InfoCircle LLC, continuing his marketing communications career. InfoCircle LLC is a marketing and communications consulting firm, specializing in business-to-business markets. For nearly 25 years, he was with PMA International, serving most recently as Publisher, Content Development and Strategic Initiatives. His primary responsibilities included overseeing the Association’s editorial department, marketing research unit, education and corporate relations department.