THE VIRGINIAN-PILOT
Copyright (c) 1996, Landmark Communications, Inc.
DATE: Saturday, August 10, 1996 TAG: 9608100487
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
LENGTH: 43 lines
OfficeMax Inc. said it has sued Circuit City Stores Inc. for naming its chain of used-car dealerships ``CarMax.'' In its lawsuit filed in U.S. District Court in Richmond, the office-supplies retailer seeks an undisclosed amount of damages for trademark infringement and unfair competition. OfficeMax, based in Shaker Heights, Ohio, also wants an injunction forbidding Richmond-based Circuit City from using the CarMax name. OfficeMax also said it has filed suit against Med Max, a new Cleveland, Ohio-based company. And the company also plans to go after other companies using ``Max'' in their names. (Bloomberg Business News and staff) Camelot Music files Chapter 11 bankruptcy
Camelot Music Inc. filed Friday for protection from its creditors under Chapter 11 of the federal bankruptcy laws, four months after it announced plans to close up to 50 of its 360 retail stores. The Canton, Ohio-based company listed assets of $511.6 million and liabilities of $476.7 million, including $140.1 million in unsecured debt. The company has stores in 37 states, including four in Hampton Roads. The bankruptcy filing also includes Camelot's parent company, CM Holdings Inc., and two inactive subsidiaries - G.M.G. Advertising Inc. and Grapevine Records and Tapes Inc. (Associated Press and staff) CEO to resign at Richfood Holdings
Donald D. Bennett, who rescued Richfood Holdings Inc. from the brink of financial disaster and turned it into the country's fourth-largest grocery wholesale distributor, will step down as its chief executive officer this year. Bennett will remain as the Richmond-based company's chairman through the end of 1998. After that, he will become a consultant until he turns 65 in 2001. John E. Stokely, Richfood's president and chief operating officer since June 1995, will become president and chief executive officer in December. Analysts say the move reinforces to Wall Street that Richfood has a strategic view for the future. (Knight-Ridder/Tribune Business News) by CNB