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  2. Rite Aid bankruptcy plan approved, cutting $2 billion in debt

    www.aol.com/news/rite-aid-bankruptcy-plan...

    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 $2 billion in debt and turn over control of ...

  3. Rite Aid shutting down 27 more locations, bringing closure ...

    www.aol.com/news/rite-aid-shutting-down-27...

    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 ...

  4. Rite Aid - Wikipedia

    en.wikipedia.org/wiki/Rite_Aid

    Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. [10] 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 over 2,000 stores, and ranked No. 148 in the Fortune 500 in 2022.

  5. Rite Aid is closing nearly 100 stores, with more to follow ...

    www.aol.com/rite-aid-closing-nearly-100...

    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 ...

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  7. Towers Department Stores - Wikipedia

    en.wikipedia.org/wiki/Towers_Department_Stores

    Towers Marts began as a New York -based chain. The first Canadian store was opened on November 15, 1960 in Scarborough, Ontario (at the corner of Lawrence Ave. East and Midland Ave). [2] In March 1962, a group of Towers concessionaires incorporated as Allied Towers Merchants Ltd. [3] After Towers Marts went bankrupt in 1963, Allied Towers ...

  8. After filing for bankruptcy, Rite Aid is closing stores ... - AOL

    www.aol.com/news/filing-bankruptcy-rite-aid...

    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 ...

  9. 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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