US retailer Ritz Cameras has today filed for Chapter 11 bankruptcy protection. Chief Restructuring Officer Marc Weinsweig commented “The loss of revenues and profit margins from the diminution in the photo-finishing business proved too much of a burden, coupled with the losses experienced by the Boater’s World business in 2008.” Ritz are attempting to obtain $85 million of financing to keep operating.

Website: Ritz Camera files for Chapter 11 bankruptcy

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