Boat Businesses in for Hard Times

BE
brian eiland
Wed, Dec 19, 2007 1:10 AM

...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

...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>