What happens if shutterfly goes out of business

Greg Hintz , a California-based executive who was promoted to Lifetouch president in July, is moving to Minnesota. The company will also renovate Lifetouch's offices on Viking Drive. The announcement was cheered in Eden Prairie, where officials weren't certain what would happen to Lifetouch's presence after the Shutterfly deal. The company last year closed its Bloomington office and moved jobs to its Shakopee factory and had been in talks with United Properties about its Eden Prairie campus as well.

But Minnesota may have benefitted from a trend of California companies shifting workers and even headquarters out of the state in favor of locales with lower taxes and housing costs. North noted that research shows holiday-card spending was even to only slightly down in , but Shutterfly had trouble as its cheaper cards printed on photo paper lost out to card-stock designs from rivals.

Shutterfly has made a business out of printing photos, but that business seems to be drying up, just as it did for the photo-focused retail stores that largely disappeared as photography moved from film to digital.

The addition of Tiny Prints in boosted its holiday-card business, and Shutterfly said that printing photos on other objects was still a growing business in , with photo books and calendars prominently mentioned. Amid all that change, a bigger shift may be in the making. Shutterfly said Tuesday afternoon that it had been approached by a potential acquirer, and its board has reached out to other potential buyers.

No proposals have been received, but the company brought Morgan Stanley on as a financial advisor as it mulls its strategic alternatives.

North seemed to confirm that in the call, while declining to confirm that private equity is the potential bidder. The stock declined Your request has been received. Summary Title. Shutterfly Return Policy. Live chat: Get Support. Corporate Shutterfly, Inc.

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