Ritz Camera & Image, a Washington, D.C.-based specialty retailer of camera and imaging products and services in the United States, has received an equity investment of undisclosed amount.
Investors include Transom Capital, Robert Barth, Camelot Venture Group, Radnor Capital Corporation (a Marc Brutten company), and the Schostak Family, each of whom will have a representative on the board of directors of the company.
Ritz Camera intends to use the proceeds to re-assert its leading position in the market.
Led by CEO Stephen M. LaMastra, Ritz Camera operates nearly 300 stores in 34 states. RitzPix.com, the company’s online site for all imaging needs, offers a range of products for pick up in-store in one hour or delivered in one day.
FinSMEs
27/08/2011