Rite Aid closing an additional 68 locations across 7 states
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After announcing that it would be entering Chapter 11 bankruptcy proceedings, Rite Aid is now slated to begin a process of auctioning off most of its locations. "As we move forward, our key ...
Rite Aid has filed for Chapter 11 bankruptcy to facilitate the sale of most of its assets. Pharmacy services—including prescriptions and immunizati
Rite Aid says it has secured $1.94 billion in new financing from existing lenders to stay operational during bankruptcy proceedings. Rite Aid, the third-largest standalone pharmacy chain in the U ...
For its 2023 bankruptcy, which ended last fall, Rite Aid blamed macroeconomic factors ... the drugstore chain says its front-of-store retail operations are largely at fault. In a letter sent ...