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Eric Gareau appointed CEO of Claranova News People on the Move 

Eric Gareau appointed CEO of Claranova

GaryPageau , ,
PlanetArt parent Claranova, a leading global technology company, announces the appointment of Eric Gareau as CEO, effective immediately. Gareau succeeds Pierre Cesarini, who is leaving the company. Gareau has been Chief Executive Officer of Avanquest, Claranova’s software publishing and distribution division, since 2021. He successfully led Avanquest’s transition to a subscription sales business model, making the company the main contributor... Read More
Claranova refinances, names Marc Goldberg as chairman News People on the Move 

Claranova refinances, names Marc Goldberg as chairman

GaryPageau ,
PlanetArt parent company Claranova announced the appointment of Marc Goldberg, as its new Chairman of the Board of Directors, effective immediately. Goldberg succeeds Francis Meston, who resigned to retire from the board of directors. The Board of Directors also accepted the resignation of Roger Bloxberg from his mandate as director, but he remains the Managing Director of the PlanetArt unit.... Read More
Claranova reports first half sales exceed €300 million Earnings reports News 

Claranova reports first half sales exceed €300 million

GaryPageau ,
PlanetArt parent Claranova reports half-year sales exceeded €300 million, with a normalized operating profit up 67% at constant rates to €27.5 million for an operating margin of 9.1%, with a net result of €2.2 million “The results for this first half of 2023-2024 demonstrate the tremendous work carried out by the teams for almost two years and the vigor of... Read More
PlanetArt launches PhotoCalendars Mobile App New Products 

PlanetArt launches PhotoCalendars Mobile App

GaryPageau
Personalized product brand PlanetArt has launched PhotoCalendars mobile app for iOS and Android, offering a creative way to make custom calendars. The app provides an interface that guides users through the creative process, allowing them to select photos not only from their phone’s camera roll, but from other photo storage sources, as well. Or, if they prefer, users can choose... Read More
Claranova annual sales up 7% to all time high Earnings reports 

Claranova annual sales up 7% to all time high

GaryPageau ,
PlanetArt parent Claranova surpassed the half-a-billion euro milestone for the first in the fiscal year 2022-2023. Total revenues were €507 million, lead by the Avanquest division. “Claranova’s revenue reached an all-time high in FY 2022-2023, surpassing the €500 million milestone for the first time with 7% year-on-year growth to €507 million, said Pierre Cesarini, Chairman-CEO of Claranova. “All our subsidiaries... Read More
Claranova expects profitability to improve this year Earnings reports 

Claranova expects profitability to improve this year

GaryPageau ,
PlanetArt parent Claranova reported revenue for the first half of the fiscal year (July 2022-December 2022) of €315 million, up 12% at actual exchange rates. This performance was driven by double-digit growth in all business segments. But Claranova reported a net loss of for the first half of €4.5 million “Our Group succeeded in returning to growth in H1 2022-2023... Read More
Claranova reports flat annual results News 

Claranova reports flat annual results

GaryPageau ,
PlanetArt parent company Claranova reported revenue for fiscal year ending June 2022 of €474 million, up 1% at actual exchange rates and down 5% at constant exchange rates (-7% like-for-like). In an unprecedented economic context that worsened in the second half, like other companies, the group was impacted by a rise in cost prices caused by increased marketing investments reflecting... Read More
PlanetArt parent Claranova reports stable growth Earnings reports 

PlanetArt parent Claranova reports stable growth

GaryPageau ,
Paris-based conglomerate Claranova, the parent company of PlanetArt, reports first-half revenue was stable at €281 million (up 1% at actual exchange rates and down 2% at constant exchange rates), with second-quarter revenue of €193 million (up 3% at current exchange rates). “As anticipated at the beginning of the year, Claranova gradually returned to growth in Q2 2021-2022,” declared Pierre Cesarini,... Read More
PlanetArt parent Claranova boosts revenue by 21% for the year News 

PlanetArt parent Claranova boosts revenue by 21% for the year

GaryPageau ,
Claranova ended the fiscal year with €472 million in revenue, once again illustrating its growth potential with a 21% increase in revenue. Excluding the currency effect, revenue, which is generated primarily in US dollars and British pounds, reached €496 million, without impacting operating margins. The group’s growth has in consequence been sustained, as the health crisis continued to bolster activity... Read More
PlanetArt acquires assets of personalized children’s book publisher, I See Me! Acquisitions 

PlanetArt acquires assets of personalized children’s book publisher, I See Me!

GaryPageau ,
PlanetArt, the personalized e-commerce division of Claranova, acquired certain assets of Minneapolis-based I See Me!® from the McEvoy Group in a move that signals the company’s deepening commitment to custom children’s products, the company said. I See Me! publishes more than 60 personalized children’s books, as well as other products for children, each of which can be customized via its website... Read More
PlanetArt parent Claranova reports six-month results up 25% Earnings reports 

PlanetArt parent Claranova reports six-month results up 25%

GaryPageau ,
French conglomerate and parent of PlanetArt Claranova reported revenue for the first half of fiscal 2020 of €278 million, up 25% at constant exchange rates. Reflecting the group’s exposure to North American and UK currencies which weakened against the euro, this period was significantly impacted by exchange rate fluctuations. Taking into account this impact, revenue grew 19% at actual exchange... Read More
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
PlanetArt takes on Free Prints trademark claim against Photobox News 

PlanetArt takes on Free Prints trademark claim against Photobox

GaryPageau ,
PlanetArt, which operates the FreePrints app, has succeeded in a trademark infringement claim against competitor Photobox, according to a report at Bristows by Sean Ibbertson. The claim was related to an app that Photobox launched last year to provide prints of photos for free; PlanetArt had been offering its own “FreePrints” app since 2014 on both the Apple App store... Read More