Rite Aid filed for Chapter 11 bankruptcy for the second time in less than two years, announcing plans to sell “substantially all” of its assets.CEO Matt Schroeder attributed the move to mounting ...

Rite Aid’s return to bankruptcy within a year after completing its prior Chapter 11 shows that when critical vendors aren’t ...

Rite Aid is closing after it declared bankruptcy in May 2025. This means a large chunk of real estate is entering the market in Philadelphia and South Jersey.

Rite Aid plans to sell all of its assets to one or more buyers in bankruptcy. Rite Aid was unable to secure additional capital from lenders that was needed to continue operating the business.

Apart from the stores to be auctioned, Rite Aid laid out a list of locations it plans for a first wave of closures. According to the docket, the plan still needs to be approved. If these locations ...

The U.S. pharmacy chain said it plans to keep stores open in the interim. Drugstore chain Rite Aid is filing for bankruptcy again, eight months after emerging from a previous Chapter 11 filing in ...

Pharmacy chain Rite Aid has begun Chapter 11 bankruptcy proceedings, the company announced on May 5. Rite Aid CEO Matt Schroeder pointed to financial challenges that "intensified by the rapidly ...

Rite Aid emerged from chapter 11 last August with $2.5 billion in bank loans on its books that have lost value in recent months as the company missed its postbankruptcy projections.

Philadelphia-based Rite Aid, which was based in East Pennsboro Township for decades, has filed for bankruptcy again. Rite Aid said on Monday it is pursuing “a strategic and value-maximizing sale ...

Philadelphia-based Rite Aid said Monday afternoon it was pursuing a “strategic and value-maximizing sale process for substantially all of its assets.” More Philadelphia-area Rite Aid stores ...

The Philadelphia-based Rite Aid Corp. has filed for a second bankruptcy, the company has announced. The group has begun proceedings for a Chapter 11 bankruptcy protection and will sell off its ...

Philadelphia-based Rite Aid initiated the proceedings in a New Jersey bankruptcy court on Monday. The chain “is pursuing a strategic and value-maximizing sale process for substantially all of ...