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Saturday, May 25, 2024 | Back issues
Courthouse News Service Courthouse News Service

Ritz Camera Chain Files for Chapter 11

WILMINGTON, Del. (CN) - Ritz Camera Centers, the largest camera store chain in the United States, filed for Chapter 11 bankruptcy, listing more than $100 million in debts. The 91-year old company with about 800 outlets blamed the deepening U.S. recession and consumers' switch to digital photography. The advent of digital cameras all but killed the photo developing and finishing cash cows.

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