Alfred and Clara Ritter opened a small confectionery factory in 1912 in Bad Cannstatt, Germany, where they began producing chocolate. In 1930, the company was transferred to Waldenbuch. Today, the family-owned company is run by the third generation and produces around 60,000 tons of chocolate per year, including its signature Ritter Sport chocolate squares. The brand is sold in over 90 countries and has an estimated 7% market share in key markets like Germany and Russia.