Ritz Sale Finalized

Ritz Sale Finalized

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The sale of Ritz Camera to a group led by CEO David Ritz was approved last week after a bankruptcy court judge okayed it, Bloomberg News reported Friday.

David Ritz, along with RCI Acquisitions, agreed to buy the company for $24 million, and plans to keep more than 150 open. The Ritz/RCI group had been named winner of the company’s bankruptcy auction earlier in the week.

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