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A U.S. bankruptcy judge on Friday approved Rite Aid's restructuring plan, allowing the pharmacy chain to cut $2 billion in debt and turn over control of the company to a group of its lenders. U.S ...
June 19, 2024 at 2:49 PM. Rite Aid is looking to close over two dozen more stores in two states. The drugstore chain on Monday filed a "notice of additional closing stores" with the U.S ...
Angus Mordant. Rite Aid is closing 27 more locations as it continues to work through a bankruptcy proceeding, according to a new court filing. The store locations are in Ohio and Michigan. More ...
Rite Aid, one of the nation’s largest drugstore chains, plans to close 12 more Michigan stores, the company said in a court filing earlier this week as it seeks to exit federal bankruptcy ...
Eckerd's remaining JCPenney Catalog Centers were closed in favor of Rite Aid choosing to accept JCPenney charge cards chainwide. In 2023, Rite Aid filed for Chapter 11 bankruptcy amid several opioid lawsuits and declining sales. Despite Eckerd having shut down 16 years prior to the filing, Eckerd was still listed in the bankruptcy filing.
October 19, 2023 at 11:50 AM. Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed more than 100 stores nationwide as part of its restructuring efforts. The ...
The company, headquartered in Pennsylvania, has closed a slew of locations across the country while in Chapter 11 bankruptcy. Rite Aid operates over 1,700 stores across the country, according to ...
Rite Aid's bankruptcy plan, revised on Thursday, would cut $2 billion in debt and provide $47.5 million to junior creditors, including individuals and local governments who have sued the company ...
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related to: rite-aid bankruptcy out of business agreement