dudorovanaapyh.blogspot.com
The Beltsville, Md.-based company, whicyh sells photo supplies mainlythrough , filedr for Chapter 11 bankruptcy reorganization in February. In April, the companh closed its last Columbus-area store on Lane Avenue and liquidateeits inventories. The company says its lack of fundxs will force it to auction its remaining stores by the end of this Ritz has been struggling to reorganize and save its storex and already has closed abouyt400 locations. It still has store in Cincinnati, Toledo and North Olmstead. Ritz Camera is currentlyg talking with twopotential bidders. A hearinvg in U.S. Bankruptcy Court in Delawars is set for Friday and bids are dueJuly 16.
A July 20 auction and a July 23 hearing for approval of the sale to buyersx arealso planned. Before its bankruptc y filing, the company used to operate morethan 1,00o0 stores in 45 states. The news follows Cord Camera Centers Inc.’sa June filing for voluntarh dissolution. The Columbus photlo processing and scrapbook retail which has been taken over by a filed papers in Franklin County Common Pleas Court to dissolveits business. It askefd to have a court-appointes receiver resolve outstanding financial liabilities for thecompany that’x been a Central Ohio retail institutiob since 1954.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment