Calumet Photographic, the 75-year-old camera supply and rental company, has filed for Chapter 7 bankruptcy, the Chicago Tribune reports.
This morning, Calumet announced on its Facebook page that it had closed all its stores in the US, though its stores in Europe remain in business. Calls to Calumet stores in New York, Chicago and Los Angeles were not returned, and the company’s website is down.
Calumet’s bankruptcy filing lists 585 creditors, including photo manufacturers such as Canon, Fuji, Manfrotto, Phase One, Hasselblad, Cambo, Mac Group and many others.
PDN will continue to follow this story.
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Robyn Cohn, a New York-based CPA who has provided bookkeeping and tax services to photographers for more than a decade, offers advice that PDN readers can act on right now to minimize taxes on their 2016 income—and manage their finances better in the future. PDN: What would you advise photographers to do before the end... More ›
In 2013, Robert Herman self-published The New Yorkers, a book of mostly 1970s and ‘80s street photos that is now on its third printing. In a seminar at PhotoPlus Expo last week, Herman described the steps he took to turn his archive of thousands of images into a successful photo book, from designing and printing... More ›