As Ritz Camera moves through the bankruptcy process it looks as though they may be saved by their own CEO. Ritz Camera CEO David Ritz along with a group of investors known as RCI Acquisition LLC, have made a bid for the company. The judges ruling will decided whether or not the bid is accepted. The group will then try to transform the 375 remaining businesses and hope to work with the landlords to make them more profitable (good luck with that).
Ritz it the largest camera store chain in the country, even after the closure of many locations earlier this year. The question is what exactly will the new owners do to adapt to this constantly changing industry.
via | commercialappeal.com
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