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Shutterfly acquires design and decor marketplace, Spoonflower Acquisitions News 

Shutterfly acquires design and decor marketplace, Spoonflower

Shutterfly announced an agreement to acquire Spoonflower, a Durham, N.C.-based artists marketplace, in “an accretive acquisition for approximately $225 million of enterprise value subject to certain working capital and other adjustments,” the company said in an announcement. The acquisition, which is subject to regulatory approvals and customary closing conditions, is expected to close in the third quarter of 2021. According... Read More
Shutterfly investors fail to convince court of class suit merits News 

Shutterfly investors fail to convince court of class suit merits

Shutterfly Inc. investors lost their bid to revive a would-be class suit over the 2019 merger with Apollo Global Management LLC because the investors failed to show the company misled them, the Third Circuit said, according to Bloomberg Law. Investors, led by a former shareholder Robert Garfield, accused the retailer of misleading them in a proxy statement intended to secure approval for... Read More
Shutterfly, Lifetouch class action suit dismissed News 

Shutterfly, Lifetouch class action suit dismissed

A U.S. District Court judge dismissed a proposed Shutterfly LLC and Shutterfly Lifetouch LLC class-action suit over allegedly unsolicited school photographs sent as part of Lifetouch’s “Family Approval Program.” The complaint, The ruling on the suit, filed in the Northern District of California, No. 5:20-cv-06040, said the plaintiffs failed to distinguish the conduct of the respective entities in their complaint.... Read More
WSJ: Shutterfly in talks to go public. Again. News 

WSJ: Shutterfly in talks to go public. Again.

Less than two years since leading photo personalization company, Shutterfly Inc., went private through its acquisition by Apollo Global Management, the Wall Street Journal reports the company is in talks to go public as part of the latest wave of financial tools called “special-purpose acquisition companies, or SPACs.” According to the article by Cara Lombardo and Miriam Gottfried, Shutterfly is... Read More
Apollo Global Management to acquire Michaels for $5 billion Acquisitions 

Apollo Global Management to acquire Michaels for $5 billion

Craft retailer The Michaels Companies announced it has entered into a $5 billion deal to merge with affiliates of investment fund Apollo Global Management. (Incidentally, Apollo Global Management owns Shutterfly Inc.) Under the terms of the agreement, Apollo will commence a tender offer to acquire all outstanding shares of Michaels for $22.00 per share in cash. The purchase price represents... Read More
Shutterfly settles Illinois biometric privacy suit News 

Shutterfly settles Illinois biometric privacy suit

Law360 reports Shutterfly has reached a preliminary agreement to settle a biometric privacy lawsuit filed against it under Illinois’ Biometric Information Privacy Act (BIPA). The parties reached the agreement over damages for alleged biometric data collection, storage, and processing without the required consent of the data subjects after private mediation; settlement terms were not disclosed. One of two named plaintiffs... Read More
Dead Pixels Society podcast: Talking cameras, smartphones and photowalks with Jefferson Graham Podcasts 

Dead Pixels Society podcast: Talking cameras, smartphones and photowalks with Jefferson Graham

Gary Pageau of the Dead Pixels Society talks with Jefferson Graham, photographer, journalist, musician, and former USA Today tech columnist, as he launches his new website, The Best Photowalk.  Graham talks about the switch from film to digital, what camera makers are doing wrong, why Google Photos is the turkey of the year, which photobook service is his favorite (and his least favorite) and much more. Read More
Updated: Lifetouch, Shutterfly staff reductions near 800 News 

Updated: Lifetouch, Shutterfly staff reductions near 800

Updated: This article was updated to add the statement from Shutterfly below: An all-hands phone conference Thursday, Jan. 21, with Shutterfly CEO Hilary Schneider brought the news of a nearly 800 person staff reduction. According to reports from people on the call, the company’s Lifetouch National School Studios business bore the brunt of the reduction, with 700 positions eliminated in... Read More
Industry Notes for the week of Jan. 18 People on the Move 

Industry Notes for the week of Jan. 18

  Pro Photography EMOTION Photography to graduate from Founder Institute in Silicon Valley EMOTION Photography, the Australian professional photography startup, was selected as one of 12 presenting companies on Jan. 20, Graduation Day, at the Founder Institute of Silicon Valley, a business incubator. See the short promo video here. EMOTION Photography is a digital-first operation built around the belief the... Read More
Shutterfly Fort Mill facility gains sustainability certification News 

Shutterfly Fort Mill facility gains sustainability certification

The Sustainable Green Printing Partnership (SGP), an authority in sustainable printing certifications, announced Shutterfly, Inc. has joined the SGP community by certifying its first facility in Fort Mill, S.C. Shutterfly plans to continue to certify more of its print locations in the near future. “As a leading manufacturer, we are deeply committed to responsible production in all of our facilities,... Read More
Industry Notes for the week of Dec. 12 Events News People on the Move Updates 

Industry Notes for the week of Dec. 12

  Pro Photography Lifetouch reducing staff by 100 at Ontario, Ohio church directory plant  Lifetouch notified the State of Ohio the company will reduce permanently reduce staff by 100 persons by February 2021, at its Ontario, Ohio facility. The Shutterfly Lifetouch Church Business operations were severely impacted by COVID-19, the company said in a letter to the Ohio Department of Jobs... Read More
Shutterfly buying more than 60 HP Indigo digital presses News 

Shutterfly buying more than 60 HP Indigo digital presses

HP Inc. announced one of its biggest customers, photo personalization giant Shutterfly, has embarked on a massive expansion of its digital press fleet with the acquisition of more than 60 new HP Indigo Digital Presses. HP referred to the deal as “the largest single customer order to date for the HP Graphics business.” The rollout includes B2-sized HP Indigo 100K... Read More
Industry notes for the week of Nov. 7 People on the Move Updates 

Industry notes for the week of Nov. 7

Retail news Digital Imaging Reporter’s 2020 State of the Industry Digital Imaging Reporter has published its annual state of the industry compendium of opinions and prognostications from manufacturers, retailers and distributors, with a special focus on how to cope with COVID-19. NRF chief economist says strong retail sales growth ‘points to the resiliency of consumers’ Retail sales have largely recovered... Read More
Shutterfly breaks “Let Good Fly” holiday campaign Marketing News 

Shutterfly breaks “Let Good Fly” holiday campaign

Leading consumer photo personalization site Shutterfly premiered its “Let Good Fly” 2020 holiday ad campaign this week. Rather than avoid the realities of a less-than-desirable pandemic year, the light-hearted spot “Let the good fly” confronts it head on. Created by long-time ad agency Argonaut, the spot features various characters showing how they coped with 2020, including a bread-baking mom, a... Read More