[PCW] Boat Businesses in for Hard Times
brian eiland
beiland at usa.net
Tue Dec 18 20:10:05 EST 2007
...sign of the times
Annapolis, MD (December 16, 2007) Fawcett Boat Supply briefly closed its
doors to take inventory last Wednesday after the six-decade-old business
filed for bankruptcy protection last week. But the owners called the Chapter
11 proceedings a temporary setback. President Steve Ripley blamed the
company's recent financial woes - including the inability to keep the shelves
stocked sufficiently - on its failed wholesale company it had purchased two
years ago. He vowed to keep Fawcett open.
-- Capitol Online, full story:
<http://www.hometownannapolis.com/cgi-bin/read/2007/12_16-25/BUS>
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