Start Who is liquidating ritz camera

Who is liquidating ritz camera

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The company has struggled with inadequate capital and liquidity as consumers increasingly move away from in-store photo processing to digital photography and photo sharing.

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At that time, founding-family descendant David Ritz, ex-Moe's Southwest Grill boss Stephen La Mastra and other Ritz reorganizers were able to convince PNC Bank and Verizon Corp.

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But the new effort struggled, as desktop publishing costs collapsed and amateur photographers went into do-it-yourself mode.

California-based turnaround-buyout investor Transom Capital Group, backed by Mark Bruten's Radnor Capital Corp.

Ritz Camera is currently headed by Edward's son, David Ritz. owed much of its expansion to the acquisition of its competitors.