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Bankruptcy bracketology and how SkyMall only sold for $1.9M

2015-03-31 02:05:05| Apparel - Topix.net

A New Jersey company that owns Polaroid and RitzCamera won an auction earlier this month for Phoenix-based SkyMall LLC. C&A Marketing Inc. bought the well-known but bankrupt in-flight catalog company for $1.9 million at an auction in downtown Phoenix law offices. That' s not exactly a big price for well-known brand name like SkyMall which had revenue of $99 million back in 2013.

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