Search results
Results from the WOW.Com Content Network
Rite Aid was reported by multiple news outlets to be considering Chapter 11 bankruptcy in September 2023; the pharmacy chain was said to have been petitioning for closures of up to 400 or 500 stores. [245] [246] [247] On October 15, 2023, Rite Aid officially filed for Chapter 11 bankruptcy, announcing plans to close nearly 100 stores. [248]
Brooks Pharmacy – chain of more than 330 pharmacies located throughout New England and New York with corporate headquarters were located in Warwick, Rhode Island; was acquired by Rite Aid in 2007; Cunningham Drug Stores – Metro Detroit, Michigan area; founded 1889, dissolved in 1982; Dart Drug – converted to Fantle's
Rite Aid is in much worse financial shape than its competitors. Over the past six years, Rite Aid has tallied nearly $3 billion in losses and its stock is down more than 90% for the year.
Rite Aid is in much worse financial shape than its competitors. Over the past six years, Rite Aid has tallied nearly $3 billion in losses. While it has secured $3.5 billion in financing and debt ...
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 roughly 1,250 stores in 15 U.S. states, primarily on the East and West coasts.
Rite Aid has obtained more than $100 million in financing to exit the bankruptcy proceedings, but the latest closure announcements suggest it still faces hurdles in getting official approval to do so.
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 billion and turn over control to a group of lenders.
Three years later, Eckerd was in turn purchased by Rite Aid and all locations were rebranded. [14] In 2023, Rite Aid filed for Chapter 11 bankruptcy. [15] Despite shutting down 20 years prior, Genovese Drug Stores was still listed in the filing. [16]