Rita's Italian Ice By cherbert May 29, 1400 Greek's made first water ice. Jan 1, 1984 Rita's Was Founded. It was in 1984. May 29, 1987 Second store was opened. May 29, 1989 Rita's Franchise First Opened. Sep 6, 1999 Profits go up for Rita's May 4, 2005 Pittsburg Firm Buys Rita's May 29, 2007 500 Stores opened in 20 states. May 29, 2011 FalconHead Capital bought a control intrest. Dec 2, 2011 Was sold to McKnight Capital Partners. May 29, 2013 546 stoers in 2013