A 75-year-old retail photography chain has a new owner: Chicago-based Calumet Photo’s US assets were acquired in bankruptcy proceedings by C&A Marketing.
The Calumet chain closed its 14 stores and filed for Chapter 7 bankruptcy protection in March 2014. C&A says it is “currently evaluating which, if any, stores to re-open” but will be reactivating all of Calumet’s on-line properties.
C&A Marketing has already snapped up Ritz Camera, Inkley’s, Wolf Camera, and Camera World under similar circumstances. C&A says it is a global manufacturer, distributor and online reseller of cameras and photographic equipment, with more than 20 years of experience in sourcing and retail operations in the photographic industry. It’s also the licensee for the Polaroid brand in instant digital imaging products, action cameras, IP home security cameras, and photo accessories.
C&A says it plans to incorporate the Calumet assets into its Ritz portfolio, and “views this acquisition as a key component to now providing the highest level of photography professionals the best in products and services. Calumet has a strong, loyal customer base which is the best foundation to build and rebuild on.”