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Rite Aid reportedly weighs 2nd bankruptcy filing

Summary by NJBIZ
Less than two years after seeking bankruptcy protection, Rite Aid is reportedly mulling another Chapter 11 filing. Citing sources familiar with the matter, The Wall Street Journal reported that the Philadelphia-based retail pharmacy chain is also considering selling some – or all – of its business as an alternative to bankruptcy after the recent financial restructuring failed to get the company on a “sustainable path.” If a sale doesn’t occur ei…
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NJBIZ broke the news in on Friday, April 11, 2025.
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