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By Dietrich Knauth. NEW YORK (Reuters) - Rite Aid sued the U.S. Department of Justice on Thursday, seeking to block a lawsuit alleging that the bankrupt pharmacy chain ignored red flags and ...
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.
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.
Rite Aid has $4 billion in debt, $8.6 billion in total liabilities and $7.65 billion in assets, according to court filings in the U.S. Bankruptcy Court for the District of New Jersey.
July 31, 2024 at 4:16 AM. The beleaguered pharmacy chain Rite Aid has closed more 40 stores in New Jersey since filing for bankruptcy last fall, according to a NorthJersey.com analysis. There were ...
The Bartell Drug Company, commonly known as Bartell Drugs and referred to by locals as simply " Bartell's ", is an American chain of pharmacies in the Puget Sound region of Washington state. The company was founded in 1890 in Seattle and grew to primarily serve the surrounding metropolitan area. Bartell's was believed to be the nation's oldest ...
eckerd.com (2006 archive) Eckerd Corporation was an American pharmacy retail chain that was headquartered in Largo, Florida, [ 1] and toward the end of its life, in Warwick, Rhode Island. [ 2] At its peak, Eckerd was the second-largest pharmacy chain in the United States, with approximately 2,802 stores in 23 states as far west as Arizona .
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 ...