The filing marks Rite Aid’s second bankruptcy in two years. The company initially filed for bankruptcy protection in October 2023.
Rite Aid is again seeking bankruptcy protection as the struggling drugstore chain says it will try to sell substantially all of its assets.
The company said Monday that its stores will remain open as it starts Chapter 11 bankruptcy proceedings.
Bloomberg News reported CEO Matthew Schroeder told employees in a brief address Monday that all stores would eventually either be closed or sold.
The company said it will work to ensure that customer prescriptions are transferred to other pharmacies as it goes through
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