It is comprised of the following three elements: 1  Assets: Something a business owns or controls (e.g. cash, inventory, plant and machinery, etc) 2  Liabilities: Something a business owes to someone (e.g. creditors, bank loans, etc) 3  Equity: What the business owes to its owners.
On December 26, 2002, Ritts died of complications from pneumonia at the age of 50. According to Ritts' publicist, Herb was HIV-positive, but this particular pneumonia was not PCP (pneumocystis pneumonia), a common opportunistic infection of AIDS. But at the end of the day, his immune system was compromised..
Conair also manufactures a wide range of home kitchen appliances under its Cuisinart and Waring brands. Rizzuto pleaded guilty in 2002 to tax evasion associated with his tenure as chief executive officer of Conair. Rizzuto was sentenced to a prison term of 20 to 37 months. Conair acquired Cuisinart in 1989, Waring Products in 1998, and bag manufacturer Allegro in 2007. Pollenex was acquired after Jarden acquired Holmes in 2005, and was rebranded as Conair Home in 2013.