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- Retail pharmacy chain Rite Aid has emerged out of bankruptcy after slashing about $2 billion from its debt, the company announced last week. The company also added about $2.5 billion in exit financing to support the business going forward, Rite Aid said.
www.fiercehealthcare.com/retail/rite-aid-emerges-bankruptcy-25b-exit-financing-and-new-ceo-helm
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Jun 20, 2024 · Drugstore chain Rite Aid has announced that it is closing even more store locations. The closures are part of ongoing restructuring measures from Rite Aid’s bankruptcy filing last October.
Jul 15, 2024 · As many shoppers know, the company, well-known as a one-stop shop for snacks, toiletries and filling prescriptions, announced store closures as part of its filing of voluntary Chapter 11 bankruptcy...
- Cameron Jenkins
- Staff Writer
Oct 18, 2023 · Rite Aid has announced it will close at least 154 stores as part of its bankruptcy process. The chain had 2,253 stores as of Sept. 3, and the U.S. Bankruptcy Court in New Jersey also...
Jan 26, 2024 · Rite Aid is planning to close ten additional stores, adding to the number the company has closed since filing for Chapter 11 bankruptcy in October.
Sep 4, 2024 · The restructuring process has eliminated $2.0 billion of debt and the company has $2.5 billion in exit financing supporting the business operations, the news release said.
Sep 4, 2024 · Rite Aid has emerged from federal bankruptcy protection and will operate as a private company. And it has promoted its CFO, Matt Schroeder, to chief executive.