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Article: The Daily Record News Briefs: March 20, 2009
- Article from:
- The Daily Record (Baltimore)
- Article date:
- March 20, 2009
- Author:
CopyrightCopyright 2009 The Daily Record (Baltimore). Provided by ProQuest LLC. (Hide copyright information)
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Boat stores sales OK'd
Ritz Camera Centers Inc., of Beltsville, which is currently in
Chapter 11, won court permission to liquidate its Boater's World
stores. Ritz, the largest U.S. camera store chain, should collect
$40 million from going-out-of business sales at the 129 stores,
company attorney Irving Walker told U.S. Bankruptcy Judge Mary
Walrath in a hearing Thursday in Wilmington, Del. Ritz expects to
close more than half of its 800 remaining camera stores and
reorganize the rest, company attorney Norman Pernick said. The
company listed assets and debt of less than $500 million each in its
bankruptcy petition filed last month.
Bay's report card mixed
An annual study on the Chesapeake ...