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Calumet Photographic Finds a Buyer

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Calumet Photographic Inc., the photography retail chain whose abrupt shuttering and bankruptcy filing surprised customers, has found a buyer for some of its assets, the Wall Street Journal reported today. According to court papers filed yesterday in Calumet’s bankruptcy case, CalPhotoUS LLC — a new company formed by Calumet’s former principals — is offering $2.825 million to acquire inventory, store leases and other assets. The inventory and leases are for former Calumet stores in such cities as Chicago, San Francisco and Washington, D.C. CalPhoto would also take responsibility for any liabilities related to the leases as well as the stores’ former employees and customers.

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