How much did Lifetouch sell for?
REDWOOD CITY, CA (January 30, 2018) – Shutterfly (NASDAQ: SFLY), the leading online retailer and manufacturer of high-quality personalized products and services, and Lifetouch, the national leader in school photography, today announced a definitive agreement for Shutterfly to acquire privately-held Lifetouch, for $825 ...
Who owns Lifetouch?
ShutterflyLifetouch / Parent organizationShutterfly purchased Lifetouch for $825MM Shutterfly (NASDAQ: SFLY), the leading online retailer and manufacturer of high-quality personalized products and services acquires Lifetouch, the national leader in school photography.
Why did Shutterfly buy Lifetouch?
If you recall, the underlying premise for Shutterfly buying the nation's largest school picture company began with the fact that Shutterfly and Lifetouch share a complementary customer base, and that Lifetouch's customers were precisely the customers Shutterfly most wanted to acquire.
Who owns Shutterfly Lifetouch?
In 2018, Shutterfly acquired Lifetouch for $825 million. On June 10, 2019, Apollo Global Management announced that it would acquire Shutterfly for $2.7 billion, as well as its competitor Snapfish in a separate transaction valued at around $300 million.
Is Lifetouch out of business?
Closes Acquisition of Lifetouch Inc. We are excited to officially announce that we have clicked into Shutterfly! Shutterfly and Lifetouch are two leading companies that share a common purpose – to share life's joy through photos.
Is Lifetouch a franchise?
Lifetouch Inc. is an American-based photography company headquartered in Eden Prairie, Minnesota, with its Canadian operations based in Winnipeg, Manitoba....Lifetouch.TypeSubsidiaryParentShutterflyWebsiteLifetouch.com6 more rows
Are Lifetouch and Shutterfly the same company?
Now that Lifetouch is a part of the Shutterfly family of brands, the Shutterfly photos platform is our convenient new home for keeping all of your Lifetouch digital images safe and secure.
When did Shutterfly buy Lifetouch?
January 30, 2018Shutterfly acquired privately-held Lifetouch for $825 million, cash-free, debt-free. The acquisition of Lifetouch was announced on January 30, 2018 and was approved by the Board of Directors of Shutterfly and the trustee of the Lifetouch ESOP prior to announcement.
What did Shutterfly used to be?
ABOUT SHUTTERFLY, INC. In 1999, Shutterfly, Inc. began as a company that helped people print 4″x 6″ photographs from their digital cameras.
How much does the CEO of Shutterfly make?
According to our data, Shutterfly, Inc. has a market capitalization of US$1.5b, and pays its CEO total annual compensation worth US$1.6m.
Is Shutterfly closing down?
On April 23, 2019, a media report speculated that funds managed by Apollo Global Management were considering a bid for Shutterfly. On June 10, 2019, Shutterfly agreed to be acquired in an all-cash deal. The transaction is expected to close in early Q4 2019.
Did Jostens buy Lifetouch?
Jostens Inc. has agreed to sell its North American school-photography business to industry leader Lifetouch Inc.
Did Jostens buy Lifetouch?
Jostens Inc. has agreed to sell its North American school-photography business to industry leader Lifetouch Inc.
What kind of company is Lifetouch?
portrait photography companiesEmployee-owned Lifetouch Inc. is one of the leading portrait photography companies in North America, operating in all 50 states, Canada, and Mexico and employing a workforce of nearly 22,000. The company's primary business is the production of school, church, business, family, and sports portraits.
Is Olan Mills still around?
Studio photography business Olan Mills has become the latest corporate casualty after shutting all its 34 sites across the UK, it emerged today. The group, which traded largely out of Mothercare stores, announced that it ceased trading on Boxing Day and was poised to call in administrators.
Where is Lifetouch headquarters?
Eden Prairie, MNLifetouch / HeadquartersEden Prairie is a city 12 miles southwest of downtown Minneapolis in Hennepin County and the 15th-largest city in the State of Minnesota, United States. As of the 2020 census, it has a population of 64,198. Wikipedia
How much did Lifetouch lose in 2017?
But despite the massive revenues for the fiscal year ending in June 2017, Lifetouch actually had an operating loss of $3.9 million- -in part, because of a roughly $100 million ESOP contribution.
How many customers does Lifetouch have?
To Shutterfly, it was a big opportunity, in no small part because Lifetouch had 10 million customers. There was also potential to take all of those school-photo packages--strangely still paid for by cash or check, and available in print only--and upload them to the cloud, giving parents a wider range of options.
