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June 28, 2024 at 4:14 PM. By Dietrich Knauth. NEW YORK (Reuters) -A U.S. bankruptcy judge on Friday approved Rite Aid's restructuring plan, allowing the pharmacy chain to cut its debt by $2 ...
The company filed for bankruptcy in October, seeking to address its high debt, shut down underperforming retail locations, and sell off non-core business units. Rite Aid's bankruptcy plan, revised ...
Rite Aid has filed for bankruptcy protection and plans to sell part of its business as it attempts to restructure while dealing with losses and opioid-related lawsuits. The company said Rite Aid ...
September 3, 2024 at 1:42 PM. (Reuters) -Rite Aid will operate as a private company after it successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, the U.S ...
Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. [1] It was founded in 1962 in Scranton, Pennsylvania, by Alex Grass under the name Thrift D Discount Center. It is the third-largest drugstore chain in the United States, with nearly 1,300 stores in 16 U.S. states, primarily on the East and West coasts.
The drugstore chain Rite Aid has a new CEO—its finance chief who is a longtime executive at the company. Rite Aid announced on Tuesday that it has emerged from federal bankruptcy protection and ...
After filing for Chapter 11 bankruptcy protection, Rite Aid said it will receive $3.45 billion in new financing to help the company keep remaining stores open and employees paid while it undergoes ...
In September 2024, Rite Aid emerged from bankruptcy as a privately-owned company. [236] Rockport filed for bankruptcy in May 2018. The company that bought the company out of bankruptcy closed all 60 of its brick-and-mortar stores in July of that year. [237] The Room Store filed for bankruptcy on December 12, 2011.