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Claranova reports first-quarter growth up 19% Earnings reports 

Claranova reports first-quarter growth up 19%

GaryPageau , , ,
Paris-based Claranova reported €90 million in revenue for the July-September 2020 quarter, up 19% (excluding Personal Creations and CafePress), maintaining strong growth momentum despite the continuing difficult economic and health conditions, the company said. Growth in Q1 2020-2021 included a negative currency effect of 4% reflecting the euro’s appreciation relative to currencies in North America where the Group has a... Read More
PlanetArt sees fiscal 2020 revenues climb 78% Earnings reports 

PlanetArt sees fiscal 2020 revenues climb 78%

GaryPageau , , , , , , ,
Claranova, the parent company of PlanetArt, closed fiscal 2020 with record growth. The group cleared the €400 million revenue bar (€409 million), progressing 56%, of which organic growth of 20%, the company said. Claranova’s three-year average annual growth rate is 46% and the group has enjoyed 14 consecutive quarters of growth. This strong growth was achieved while preserving operating profitability... Read More
PlanetArt acquires CafePress from Shutterfly News 

PlanetArt acquires CafePress from Shutterfly

GaryPageau , , ,
Personalized product platform PlanetArt acquired the assets of Louisville, KY-based CafePress from Shutterfly LLC’s Snapfish business unit. Based in Louisville, Kentucky CafePress is one of the first web-based printing companies, founded in 1999. The financial terms weren’t disclosed. Snapfish acquired CafePress in 2018 for $25.3 million. In turn, Snapfish was acquired by Shutterfly earlier this year, as part of its deal to go private with... Read More
Snapfish successfully completes cash tender offer for shares of CafePress News Press releases 

Snapfish successfully completes cash tender offer for shares of CafePress

GaryPageau ,
SAN FRANCISCO, Calif. and LOUISVILLE, Ky., Nov. 09, 2018 (GLOBE NEWSWIRE) — Snapfish, LLC (“Snapfish”), premier personalized photo service, today announced that its wholly-owned subsidiary, Snapfish Merger Sub, Inc. (“Purchaser”), successfully completed its tender offer for all the outstanding shares of common stock (“Shares”) of CafePress Inc. (NASDAQ: PRSS) (“CafePress” or the “Company”) at a price of $1.48 per share,... Read More
Class action suit filed claiming CafePress/Snapfish merger violates securities laws News Opinion 

Class action suit filed claiming CafePress/Snapfish merger violates securities laws

GaryPageau , ,
What should have been a pretty routine $25.3 million acquisition of CafePress by Snapfish has hit snag. A shareholder, Stephan Bushansky, has filed a class action suit naming CafePress the  company and the management team as defendants. Bushansky’s suit cites several SEC violations, adding combination “will unlawfully divest CafePress’ public stockholders of the Company’s valuable assets without fully disclosing all material information concerning... Read More
Snapfish to acquire CafePress for about $25.3 million News Opinion Press releases 

Snapfish to acquire CafePress for about $25.3 million

GaryPageau , 1 Comment
Struggling Louisville ecommerce retailer CafePress will be acquired by Snapfish for a stock deal worth about $25.3 million (17.1 million shares at $1.48 per share). According to the announcement, CafePress will remain in Louisville. Founded in 1999 by Fred Dunham and Maheesh Jain in California, CafePress has worked to improve profitability and spur growth after several tough years, according to company reports.... Read More
CafePress reports results for Second Quarter 2018 Earnings reports 

CafePress reports results for Second Quarter 2018

GaryPageau
LOUISVILLE, Ky., July 31, 2018 (GLOBE NEWSWIRE) — CafePress Inc. (NASDAQ:PRSS) today reported financial results for the three months ended June 30, 2018. Management Commentary “The actions we took in the first quarter to drive business performance and return to profitability are positively impacting results.  During the second quarter, we experienced higher gross margins, a reduction in net loss and positive... Read More
CafePress reports results for First Quarter 2018 Earnings reports Press releases 

CafePress reports results for First Quarter 2018

GaryPageau
LOUISVILLE, Ky., May 02, 2018 (GLOBE NEWSWIRE) — CafePress Inc. (NASDAQ:PRSS) today reported financial results for the three months ended March 31, 2018. Management Commentary “As previously stated, our top priority is to return to profitability and begin generating positive cash flow.  During the first quarter, we took actions to simplify the organization and drive business performance that served to reduce... Read More
CafePress Inc. announces additional restructuring and changes to its leadership team and board of directors Earnings reports Press releases 

CafePress Inc. announces additional restructuring and changes to its leadership team and board of directors

GaryPageau
LOUISVILLE, Ky., March 09, 2018 (GLOBE NEWSWIRE) –– CafePress Inc. (NASDAQ:PRSS) a leading retailer of personalized products offering a wide variety of expressive gifts and accessories, (“CafePress” or the “Company”), today announced changes to its executive leadership team and Board of Directors. The Company is undertaking another restructuring initiative and is revising its previously announced estimated reductions in normalized, annual... Read More
CafePress reports results for Fourth Quarter and Fiscal Year 2017 Earnings reports Press releases 

CafePress reports results for Fourth Quarter and Fiscal Year 2017

GaryPageau
LOUISVILLE, Ky., Feb. 28, 2018 (GLOBE NEWSWIRE) — CafePress Inc. (NASDAQ:PRSS) (“The Company” or “We”) today reported financial results for the three months and full year ended December 31, 2017. Management Commentary “Our fourth quarter and full year 2017 results were clearly disappointing as CafePress.com continued to be negatively impacted by lower traffic resulting from changes in search engine algorithms... Read More
CafePress announces changes to Board of Directors, business update, cost saving initiatives Earnings reports Press releases 

CafePress announces changes to Board of Directors, business update, cost saving initiatives

GaryPageau
LOUISVILLE, Ky., Feb. 13, 2018 (GLOBE NEWSWIRE) — CafePress Inc. (NASDAQ:PRSS), a leading retailer of personalized products offering a wide variety of expressive gifts and accessories, (“CafePress” or the “Company”), today issued the following statement. “We continue to make progress on completing the modernization of the CafePress.com website. These efforts are critical as we continue to optimize the business and... Read More