Rite Aid Files for Chapter 11 Bankruptcy

Oct 16th 2023 1:24pm EDT

The drugstore chain Rite Aid filed for Chapter 11 bankruptcy and announced a change in leadership as the retailer attempts to solve ongoing financial and legal challenges. The company announced on Oct. 15 that it has voluntarily entered bankruptcy proceedings in order to “accelerate its ongoing business transformation” and to “significantly reduce” its debts as […]

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