Orange County residents learned earlier this year of Circuit City’s bankruptcy and store closings; now it appears that the stores that remain open may have one less brand of merchandise to sell — Polaroid. Back in February, Polaroid stopped producing it’s signature instant film cameras, and switched gears to focus on LCD TV’s, digital cameras, and other such electronics products. Now, the bankruptcy attorneys for Polaroid have begun the Chapter 11 bankruptcy process because Polaroid’s parent company, Petters Group Worldwide, is embroiled in a fraud investigation. Polaroid said that the bankruptcy reorganization will not impact day-to-day operations, and that Polaroid will likely be sold at the end of the process.
So fear not, Orange County. It seems that, for the time being at least, you can still shop for Polaroid products this holiday season, whether at the Irvine Spectrum, Fashion Island in Newport Beach, South Coast Plaza in Costa Mesa, the Mission Viejo Mall, or at any of the many other Orange County shopping centers.
Polaroid filed for Chapter 11 bankruptcy previously in 2001.
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