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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