December 10, 2007   FOTOLABO: Substantial Losses Cue Liquidation After Receivership The Board of Trade Tribunal de Grande Instance de Colar has put Fotolabo into liquidation, leaving 83 people jobless, published reports say. In September 2007, Fotolabo went into receivership following the collapse of photo silver, which accounted for 85% of its business, Le Figaro relates, citing AFP. Ulrich Gerner, president of Fotolabo, told AFP "losses reached an amount 'substantially equivalent' to turnover.  Since 2006, our sales drop by half from one year to another." Based in Algolsheim, France, Fotolabo is a photograph processing laboratory.
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