US EditionThrifty Ice Cream Buyer Found as Rite Aid Closings Pass 1,000 Stores
- Rite Aid is closing over 1,000 stores nationwide amid bankruptcy proceedings, including 123 locations announced on June 27 across eight states.
- The closures follow Rite Aid's May Chapter 11 filing to address financial challenges and to pursue a value-maximizing sale of most assets.
- Rite Aid has sold prescription files and stores to CVS, Walgreens, Giant Eagle, Weis Markets, and others while planning to shutter most of its 1,240 stores.
- On July 1, a bankruptcy court in New Jersey authorized the $19.2 million sale of Rite Aid's Thrifty Ice Cream brand to Hilrod Holdings, although the purchaser's intentions for the brand have yet to be disclosed.
- These closures and sales may increase pharmacy deserts, reducing Americans' access to medications and reflecting a broader 2025 trend of retail consolidation.
24 Articles
24 Articles
Popular ice cream brand sold as nationwide chain closes hundreds of stores
Rite Aid's bankruptcy proceedings have led to hundreds of store closures, and now the sale of a well-known ice cream brand that has been a West Coast favorite since the 1970s. Hilrod Holdings was named the winner in a bid to acquire Thrifty Ice Cream from the nationwide pharmacy chain. The holding company, tied to Monster Beverage Corporation executives Hilton Schlosberg and Rodney Sacks, will pay $19.2 million for the brand, USA Today reported.…
Krem2 News
Popular ice cream brand sold as nationwide chain closes hundreds of locations
Hilrod Holdings was named the successful bidder to acquire the ice cream brand from Rite Aid, according to recently filed bankruptcy court documents.
Des Moines Register
Thrifty Ice Cream buyer found as Rite Aid closings pass 1,000 stores
A holding company tied to Monster Drink executives bought Thrifty Ice Cream as the Rite Aid bankruptcy continues.
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