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July 21, 2008

Big news in the photoboooth world, as Photo-Me International has sold off its American division, Reuters reports: Photo-Me, which operates about 21,000 photo booths in railway stations, airports and shopping centres, said the sale of Auto Photo Systems Inc and its unit, Photo-Me USA LLC., would yield a small exceptional profit. Photo-Me shares gained 13 […]

August 24, 2007

Troubled times at Photo-Me International: yesterday saw a news report about the mounting pressure from shareholders on Photo-Me’s bosses to resign; apparently, the pressure was too much for chairman Vernon Sankey and chief executive Serge Crasnianski to bear, and today, they have been forced to resign. According to the BBC, two of the investment companies […]

Brian | 8:50 am | In the News
July 03, 2007

Four directors of Photo-Me International have stepped down this week amid brewing trouble from a major shareholder, according to a BBC News article. Profits at the company have slipped, and a review is underway to determine if the company should split up its divisions, something we’ve covered here before. Looking ahead, chief executive Serge Crasnianski […]

Brian | 8:01 am | In the News
January 30, 2007

Photo-Me, the international company responsible for photochemical and digital photobooths around the world, has hired Lazard as financial advisors to help them deal with a potential break-up of the company into three separate sectors. The appointment of Lazard, which will work alongside JPMorgan Cazenove, the group’s existing financial adviser and joint broker, marks the start […]

Brian | 3:16 pm | In the News
December 18, 2006

Photo-Me, the world’s largest manufacturer and vendor of photobooths, has announced its most recent profit report, which saw a drop of 30% over profits of a year ago, according to a BBC News report. After turning down the idea of a takeover earlier this year, the company is now apparently looking into selling off one […]

September 30, 2006

When I read the title of this article, “£100K Fine for Burns Photo Firm,” I expected the piece to be about a photobooth company named “Burns Photo, Inc.,” or something along those lines. But then I realized that I was reading the article on the website of a British newspaper, hence the uniquely constructed headline, […]

February 14, 2006

International corporation Photo-Me is back in the news this week, this time with some good news: they’ve sealed a deal with the Post Office in the UK. The deal, worth £5m, calls for Photo-Me to supply “digital media kiosks for the self-service printing of photographs” to post offices around the UK. A article on […]

January 18, 2006

Forbes reports on Photo-Me UK’s recent earnings report and the slump in their stock price that followed this week. Photo-Me International PLC posted a 10 pct decline in first-half profit and warned full-year earnings will fall well short of market expectations after customers put off purchasing digital photo-processing machines. Shares in the British company, which is […]

September 21, 2005

Photo-Me International is in the news again (see a previous story or two); this time, it’s their board of directors that is under scrutiny, described in the Guardian as an “old boy’s network.” The story concerns Conservative Member of Parliament Hugo Swire’s position on the board, something The PIRC Corporate Governance Service doesn’t look kindly […]

August 25, 2005

In April of this year, I made my first trek (ok, let’s be honest, pilgrimage) to Photo-Me, USA in Grand Prairie, Texas. I had spoken to Gary Gulley on the phone over the past 3 years, but it was a pleasure to finally meet him in person and put a face to the voice. (Now […]