Ritz seeks approval for sale of Boater’s World

BELTSVILLE, Md. — Ritz Camera Centers has filed a motion in bankruptcy court seeking approval of bidding procedures for the sale of its Boater’s World business, according to a report on NetDockets.com. Ritz filed for bankruptcy Feb. 22.

“Ritz currently operates 130 Boater’s World stores, but has determined that it should exit the Boater’s World business either through a going concern sale or by liquidating those assets,” according to NetDockets.

The motion seeks approval of the following timeline for the bidding process:

  • Deadline to object to proposed bidding procedures: March 9
  • Hearing to approve bidding procedures: March 10
  • Deadline to object to sale: March 12
  • Deadline for potential buyers to submit bids: March 16
  • Auction: March 17
  • Hearing to approve sale: March 19
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