It looks like the story isn't entirely over for Ritz Camera, which filed for bankruptcy and seemed near liquidation. A firm called RCI Acquisition has stepped in and agreed to purchase and operate 163 of its 375 remaining stores.RCI is led by David Ritz, CEO of the retail company, as loyal reader James pointed out to us yesterday. But based on some of your other comments, it doesn't seem like this fix will keep Ritz going long term.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.