Cheese! Ritz Camera Acquired by CEO

Rozens, Aleksandrs
August 2009
Mergers & Acquisitions Report;8/3/2009, Vol. 22 Issue 31, p23
The article reports on the acquisition of Ritz Camera, which filed for bankruptcy in Delaware in February 2009, by its chief executive officer David Ritz. The 91-year-old business, which has listed between 100 million and 500 million U.S. dollars in assets and liabilities, cited declining sales from its different retail stores as the reason for its bankruptcy filing. The company posted close to 1 billion U.S. dollars in annual sales through November 2008.


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