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Shutterfly’s Spoonflower acquisition brings new headaches News 

Shutterfly’s Spoonflower acquisition brings new headaches

When Shutterfly bought Durham, N.C., design and decor marketplace Spoonflower in 2021 for $225 million, the deal was seen as a way to “enable Shutterfly to more broadly serve the fast-growing home decor marketplace by adding Spoonflower wallpaper, fabric, linens, bedding and other home decor soft goods to its product assortment and connecting Shutterfly’s 21 million active users to Spoonflower’s... Read More
Shutterfly customer data not exposed in latest breach News 

Shutterfly customer data not exposed in latest breach

Personalized photo products leader Shutterfly was again the target of a data breach but said customer data was not exposed. According to Cybernews, Shutterfly was the latest in a batch of high-profile victims – like Warner Bros. Discovery and AMC Theatres – announced by the Russian-affiliated Cl0p ransomware group. Shutterfly’s Vice President of Communications, Jennifer George, confirmed to Cybernews the company... Read More
Shutterfly continues to spin “beyond photo personalization” Acquisitions News 

Shutterfly continues to spin “beyond photo personalization”

Since buying the Spoonflower design and decor marketplace last year, Shutterfly has updated its messaging to extoll the virtues of going “beyond photo personalization.” This month, on the one-year acquisition anniversary of the acquisition, the company announced the launch of 4,000 artist-led designs on Shutterfly products now available on the Shutterfly platform. The press release states “Shutterfly’s expansion into the... Read More
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