Rite Aid Files Bankruptcy
Posted: Tue Oct 17, 2023 5:47 am
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U.S. pharmacy chain Rite Aid announced Sunday that it has filed for bankruptcy and obtained $3.45 billion in financing as it carries out a restructuring plan.
The company said falling sales and opioid-related lawsuits led to the filing.
U.S. pharmacy chain Rite Aid announced Sunday that it has filed for bankruptcy and obtained $3.45 billion in financing as it carries out a restructuring plan.
The company said falling sales and opioid-related lawsuits led to the filing.