Calumet and WEX Merge to Form WEX Photo Video in the UK
As of today, two of the biggest camera retailers in the UK have merged. Calumet Photographic and WEX Photographic are becoming one.
As of today, two of the biggest camera retailers in the UK have merged. Calumet Photographic and WEX Photographic are becoming one.
The European investment group AURELIUS announced today that it has acquired Calumet Photographic and Bowens Lighting, two well known brands in the world of photography. The sale will allow Calumet to expand its retail stores in new cities in Europe.
It came as quite a surprise to everyone – including their own employees – when Calumet camera stores went out of business quite literally overnight. As is to be expected in such a downfall, much of their capital has been sold off in hopes to gain back as much as possible. But, as much as anything else, the fall of Calumet has left people wondering what will happen to the brand that many photographers came to know and trust.
Shortly after news broke this morning that camera store chain Calumet had declared Chapter 7 bankruptcy and would be closing all of its US stores (or will it?), a Calumet Rental Manager -- well, former Rental Manager now -- got in touch with us to see if we wanted to get some of the behind the scenes details of how the bankruptcy came to be.
We, of course, said yes. The employee has asked to remain anonymous, and so his/her answers are labeled simply as "Calumet Employee" below.
Update: Calumet has posted an update to its Facebook page to say they might reopen a few locations. Full statement at the bottom of this post.
In a story that is still very much developing as more information comes to light, well-known camera store chain Calumet Photographic has filed for Chapter 7 Bankruptcy without so much as a whispered warning to their employees.
Photographers often scour eBay listings in hopes of snagging a good deal on camera equipment, but usually they're not expecting to find gear worth hundreds of dollars sold for the same price as McDonald's Dollar Menu items. Well, that's exactly what one lucky eBayer discovered a couple of weeks ago. The person stumbled upon a strange listing: reputable camera retailer Calumet Photo was selling a brand new Sigma EX 10-20mm f/3.5 lens for Canon DSLRs -- worth about $590 -- for just $0.99! And not just one lens, but three!
Camera bags can get pricy, and when it comes to camera bags that travel well (i.e. on wheels) prices can really skyrocket. In fact, if you type "Rolling Camera Bag" into Amazon your first three options will run you $262.54, $171.07, and $249.00.