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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.
August 27, 2009. (2009-08-27) (aged 82) Harrisburg, Pennsylvania. Occupation (s) Businessman, lawyer, philanthropist. Known for. Founding of the Rite Aid drugstore chain. Alexander Grass (August 3, 1927 – August 27, 2009) was an American businessman, lawyer, and philanthropist who founded Rite Aid, [ 1] one of the United States' largest ...
During her time at Rite Aid, Donigan closed more than 150 unprofitable stores. [12] Donigan was credited with avoiding the bankruptcy for Rite Aid by pushing debt payments due in 2022 to 2025; however, Deutsche Bank warned the company was in danger of a "dramatic negative inflection point" in April 2022. Other analysts were less skeptical of ...
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 ...
A security breach has exposed the personal information of millions of Rite Aid customers, the company announced. Roughly 2.2 million people were impacted by the attack. RansomHub, a ransomware ...
Updated June 20, 2024 at 8:17 AM. 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 ...
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