Kiddie Kandids Announces Closure
Sandy, Utah - January 10, 2010
Kiddie Kandids, a Sandy, Utah based chain of photography studios, has ceased operations, effective immediately. This shutdown occurred as the result of an abrupt and unforeseen loss of funding from is banks. Kiddie Kandids' operations have been particularly challenged by the economic climate over the past 18 months and its lenders have informed the company that they will no longer provide funding for Kiddie Kandids' immediate cash needs. Without continued funding, Kiddie Kandids was unable to meet its imminent financial obligations. We have exhausted all possible avenues for funding and have come to the end of the road. This is truly unfortunate in light of the great team of employees and the great customers that made Kiddie Kandids a leading national children's photography studio. It is our hope that if the assets are purchased out of bankruptcy that the buyer will consider hiring back many of our employees. In light of the unforeseen termination of funding by its lenders, Kiddie Kandids intends to file a voluntary petition for relief under Chapter 7 of the Bankruptcy Code in the coming days.
Prior to its closure, Kiddie Kandids was one of the nation's premier children's portrait studios, specializing in newborn, infant, toddler, and pre-school portrait photography. Founded in 1974, Kiddie Kandids grew from a single camera in a mall kiosk to a nationwide network of 184 hi-tech portrait studios. The majority of Kiddie Kandids' studios are located within Babies 'R' Us retail stores across the country.
