Photography retail chain Ritz Camera & Image LLC filed for chapter 11 protection on Friday, less than three years after it emerged from its first bankruptcy, Reuters reported on Friday. The company, which was founded in 1918, was bought in a bankruptcy auction in 2009 by a group led by its top executive. The Beltsville, Md.-based Ritz, which operates nearly 300 stores in 34 states, listed assets and liabilities of between $50 million and $100 million. The case is In re Ritz Camera & Image LLC, U.S. Bankruptcy Court, District of Delaware, No:12-11868.
