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The purchase agreement required approval of the bankruptcy court which was scheduled to hear the case on July 23.
In November 2009, the new company, Ritz Camera & Image, LLC (RCI) opened five new stores, with a total open of about 300, with a wider range of products, including televisions, compact laptop computers, and smartphones.
Beginning in 2008, Ritz began installing lamination/mounting machines in many of their stores to offer foamcore mounting and laminating up to 24×36 inch prints in store.
In February 2010, Ritz started offering Metallic Printing up to 30×40 size on Kodak Professional Endura Metallic Paper and Deep Matte Prints on Fujifilm Paper.
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According to the Wall Street Journal, Ritz Interactive Inc., which operates the websites for such retailers as Ritz Camera and Boaters World, filed for Chapter 11 bankruptcy protection on August 19, 2011. Court papers show Ritz Interactive’s executive committee of its board of directors deemed the Chapter 11 filing “in the best interests” of the company, its creditors and stakeholders.On June 22, 2012, Ritz Camera & Image filed for Chapter 11 bankruptcy protection again and closed 128 of its stores.On September 6, 2012, liquidation specialists Gordon Brothers Retail Partners LLC and Hilco Merchant Resources LLC won an auction for Ritz Camera's assets and began the process of closing most of the 137 stores that remained.Get home delivery of the newspaper Thursday – Sunday.Get home delivery of the newspaper Friday – Sunday.