Who owns kiddie kandids

Sorenson Capital of Lehi, a private-equity firm, said it had lost its "multimillion-dollar investment" in the company. It blamed the closure on the nation's severe economic downturn, "combined with a fundamental structural shift in the photography marketplace, driven by the accelerating availability of inexpensive, user-friendly digital photography technology. Together, these forces effectively damaged Kiddie Kandids' in-store photography customer base beyond repair.

Sorenson Capital representatives also declined a request for an interview. Help offered Studio 1 Photography of Salt Lake City is offering free photo shoots to customers of Kiddie Kandids who didn't receive products for which they paid. Bring receipt from 10 a. Saturday to W. Call for information. Wasatch Photographic of South Salt Lake is putting together a seminar for ex-Kiddie Kandids employees to prepare them to seek jobs at studios or open their own businesses.

Wayne Fox and R. Scott Adams. Bankruptcy Court in Salt Lake City. The remaining stores are located within malls. Shanna Selby of Bensalem, Pa.

Joseph, who has been a photographer with the Commack store for the past eight months, got the bad news via a text message Monday morning from her manager. I mean, people have families, bills to pay. Without continued funding, Kiddie Kandids is unable to meet its financial obligations, including its payroll. CPI said the deal includes purchase of the Kiddie Kandids tradename, customer lists, studio and lab equipment, inventory and the former corporate building.

It said earlier in a news release with its earnings report that CPI plans to sell "certain of the acquired equipment and inventory as well as the corporate building" this year. Start your day with the top stories you missed while you were sleeping.

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