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 identified some areas for growth driven by the increasing appetite for ID cards around the world.
He forecast that the introduction of a national health card this year in France could see demand for 50 million photographs, while 25 million photos could be required for tobacco cards in Japan.
Tobacco cards? That’s a new one for us.