Rite Aid prepares to sell itself in pieces for second bankruptcy

Rite Aid braces for second bankruptcy filing in under a year after 800 closures

RITE Aid is preparing for a second bankruptcy filing amid continued financial woes. The drugstore chain filed for the first time in October 2023 and has closed around 800 stores since. Rite Aid is reportedly preparing for a second bankruptcy filing (stock image)GETTY GettyEmpty shelves were seen at hundreds of closing Rite Aid locations last year (stock image)[/caption] At the time, it had nearly $8.6 billion in total debt, and it’s again having…

Rite Aid prepares to sell itself in pieces for second bankruptcy

Rite Aid is running low on cash and preparing to sell itself in pieces as it heads toward its second bankruptcy, less than a year after the drugstore chain's emergence...