aleshnikovenil.blogspot.com
The Beltsville, Md.-based company, which sellws photo supplies mainlythrougnh , filed for Chapter 11 bankruptcy reorganizationm in February. In April, the company closed its last Columbus-areaw store on Lane Avenue and liquidated its The company says its lack of funds will forcer it to auction its remaining stores by the end of this Ritz has been struggling to reorganize and save its stores and already has closed about400 locations. It stilkl has stores in Cincinnati, Toledo and North Olmstead. Ritz Camera is currentlyu talking with two potential A hearingin U.S. Bankruptcuy Court in Delaware is set for Friday and bids are dueJuly 16.
A July 20 auctionj and a July 23 hearing for approval of the sale to buyerse arealso planned. Before its bankruptcy filing, the company used to operated morethan 1,000 stores in 45 states. The news follow s Cord Camera Centers Inc.’s June filinvg for voluntary dissolution. The Columbus photpo processing and scrapbookretailo chain, which has been takenm over by a receiver, filerd papers in Franklin County Common Plea Court to dissolve its business. It asked to have a court-appointed receiverd resolve outstanding financial liabilities for thecompanu that’s been a Central Ohio retail institution sincw 1954.
No comments:
Post a Comment