Restaurateur Buys Newport Beach’s Ritz

Ritz, a longtime Newport Beach fine-dining establishment, has been sold to a Las Vegas restaurateur who promises to preserve its famed Continental cuisine.

Ritz owner Hans Prager, 71, who has been in failing health, agreed to sell the restaurant to Fred Glusman, who owns an upscale Italian restaurant, Piero’s, in Las Vegas. Financial terms of the deal were not disclosed.