Rite Aid Prepares to Sell Remaining Assets
As the June 18 deadline for bidding on the remaining assets of Rite Aid nears, the potential buyers who are looking them over reportedly include pharmacy chain Walgreens, reality star turned entrepreneur Kourtney Kardashian, consumer-focused private equity firms, and three brand management companies: Authentic Brands Group, WHP Global and Marquee Brands.
Unlike CVS, Walgreens Only Interested In Rite Aid Patient Files
Walgreens confirmed its only buying prescription files and not brick and mortar stores among the pharmacy assets being sold across the U.S. by Rite Aid.
Rite Aid Closing Stores and Selling Pharmacy Assets to Rivals
Rite Aid is reportedly closing additional stores while handing off business to rivals. The drugstore chain, which recently filed for bankruptcy for the second time, has revealed 95 locations it wants to shut down, Fast Company reported, citing a court filing.
Rite Aid To Sell Pharmacy Assets From More Than 1,000 Stores To CVS, Walgreens And Grocers
CVS Health, Walgreens and grocery store chains are among the U.S. pharmacy operators Rite Aid will be selling prescription files and related pharmacy assets from more than 1,000 stores, the company confirmed Thursday night.
Rite Aid Attributes Bankruptcy Return to Empty Shelves, Shopper Trade-Down
Rite Aid has claimed in a court filing Tuesday (May 6) that its inability to sustain a successful recovery and its subsequent return to bankruptcy protection is primarily due to sparsely stocked store shelves and to trade-down from lower-income consumers.
Rite Aid Files for Bankruptcy, Job Cuts Expected
Rite Aid Corp. said Monday (May 5) that it has filed for Chapter 11 bankruptcy protection again, less than a year after emerging from a previous restructuring effort. This bankruptcy filing would be the company's second in under three years.
Rite Aid heading for bankruptcy again, plans to cut jobs: report
The company was unable to secure additional capital from lenders that was needed to continue operating the business, Bloomberg reported, citing a letter from CEO Matthew Schroeder.
Rite Aid Emerges From Bankruptcy, Names CFO Matt Schroeder as CEO
Rite Aid has announced a leadership transition as it emerges from Chapter 11 bankruptcy. Jeffrey S.
Rite Aid Picks Insider CEO As Company Emerges From Bankruptcy
Rite Aid has selected long-time company executive Matt Schroeder as the company's new chief executive officer as the company exits federal bankruptcy protection.
Rite Aid to close over two dozen stores amid bankruptcy proceedings
Rite Aid said the proceedings would involve continued store footprint optimization.
