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US News: US pharmacy chain Rite Aid has filed for bankruptcy and reached a deal with creditors to reduce its debt. The company has secured a $3.45 billion cash

(Bloomberg) -- US pharmacy chain Rite Aid Corp. filed for bankruptcy as it looks to restructure debts, and said it will shutter more stores.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US Pushes to Contain Middle East WarYour Guide to Understanding the Roots of the Israel-Hamas WarAs part of a

Rite Aid, which operates more than 2,200 stores in 17 states, has filed for Chapter 11 bankruptcy protection.

Rite Aid, which operates more than 2,200 stores in 17 states, has filed for Chapter 11 bankruptcy protection.

And 'potentially significant' claims for its role in the opioid epidemic.

Rite Aid filed for Chapter 11 bankruptcy on Sunday, October 15, 2023, taking a step to suspend the lawsuits against the drugstore chain related to its alleged

Drugstore chain Rite Aid filed for bankruptcy late Sunday, said it will close more of its stores and named a new CEO as part of a restructuring.

Rite Aid Corp. (NYSE:RAD) filed for bankruptcy yesterday and is reportedly planning to close stores as part of its restructuring.

Rite Aid Corporation has reached an agreement in principle with certain of its senior secured noteholders on the terms of a financial restructuring plan that will allow the Company to accelerate its ongoing business transformation. Implementing the contemplated restructuring plan will significantly reduce the Company’s debt, increase its financial...

Drugstore company Rite Aid filed for bankruptcy, facing slowing sales and opioid litigation. The company will also close underperforming stores according to a turnaround plan agreed upon by its key creditors.