CPI sheds wedding photo unit

CPI Corp. has sold its wedding photography business as it tries to satisfy creditors ahead of debt payments due at the end of the year.

The St. Louis-based portrait studio operator said in an SEC filing Wednesday that it sold Bella Pictures Holdings to a Pennsylvania-based wedding photo and music firm called The Pros Entertainment Services earlier this month. CPI received a cut of the proceeds from already-booked wedding shoots and $60,000, which will be held in escrow until Bella’s website is transferred to its new owner.

CPI bought Bella Pictures in early 2011 for an undisclosed sum. 

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