Archived posting to the Leica Users Group, 2020/06/10
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]A similar long running story in the camera business occurred during the 90's. Ritz Camera and Wolf Camera were in a race to buy up small chains founded by returning WW II veterans. Their children or grandchildren didn't want to work retail do sold the business. As long as photofinishing was a thing the strategy was viable. In Wolf's case this was largely financed by Kodak starting with the acquisition of Lyon Photo in Chicago. That ended badly when Kodak sold their line of retail stores to Wolf under interesting terms. Ritz bought Wolf out of bankruptcy and died mostly due to the end of the processing business but also David Ritz used leverage to acquire a rather nice yacht and a really nice private jet. That and some interesting dealing with Quantaray which David owned directly. On Wed, Jun 10, 2020, 4:50 PM Christopher Crawford < chris at chriscrawfordphoto.com> wrote: > I haven't talked to the owner recently, but I know he is in his 70s, so he > may be simply retiring due to old age or health or because he just wants to > go fishing. What's sad is that likely no one will want to keep it open. > Waynedale Plumbing, just down the street, is owned by an 85 yr old man who > wants to retire and no one in his family wants it. He's been trying to sell > for a year. I know in his case, he has some health issues and just doesn't > want to work anymore, and can't blame him for that at his age. > > Waynedale Plumbing Supply: > https://chriscrawfordphoto.com/chris-results.php?category=126&secondary=194 > > > Waynedale has lost a lot of businesses lately, though. Waynedale Bakery, > closed several months ago, and a dance studio that had been there for 35 > yrs closed last month. A locally owned restaurant in Waynedale that had > closed because of the corona virus has decided to not reopen, ever. > > Its sad, I grew up in Waynedale, and so did my mother. The unique thing > about Waynedale, compared to the rest of Fort Wayne, was that so many small > local businesses had survived, despite competition from big-box stores > elsewhere in the city. That's going away, unfortunately. > > > > -- > Chris Crawford > Fine Art Photography > Fort Wayne, Indiana > 260-437-8990 > > http://www.chriscrawfordphoto.com My portfolio > > http://www.facebook.com/pages/Christopher-Crawford/48229272798 > Like My Work on Facebook > > > ?On 6/10/20, 4:32 PM, "LUG on behalf of Douglas Barry" <lug-bounces+chris= > chriscrawfordphoto.com at leica-users.org on behalf of imra at iol.ie> > wrote: > > In an internet world, it's a bad time to sell a premises I'd imagine, > Chris, and the CoVid fallout isn't going to help. With that photo, you > may have caught crushed dreams turning to ashes. > > Douglas > > > On 10/06/2020 21:07, Christopher Crawford wrote: > > One of the oldest businesses in Waynedale is closing soon. The sign > in front of Sandpoint TV Service says "Retirement Clearance Sale." > > > > > > > > Waynedale is an area in the city of Fort Wayne, Indiana that was > once a small town. It was annexed by the city in 1957, but still looks and > feels like a small town, despite having been part of the second largest > city in the state for more than 60 years. > > > > > > > > > > https://chriscrawfordphoto.com/chris-details.php?product=3277 > > > > > > > > Olympus OM-D E-M1 mark II and 12-40mm f2.8 Olympus Pro lens. > > > > > > > > > > > > > > > > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information > > > > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information