Rite Aid Files For Chapter 11 Bankruptcy
The pharmacy retail giant has been struggling with a slump in sales and a growing number of lawsuits for its alleged role in fanning the opioid crisis.
Source: forbes.com
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Rite Aid files for Chapter 11, gets $3.45 billion in fresh cash
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
Source: indiatimes.com
AppHarvest Down 68% On Chapter 11 Filing
Shares of AppHarvest, Inc. (APPH) are falling over 68% on Monday after the company filed voluntary petitions for protection under Chapter 11 of the U.S. Bankruptcy Code to support a financial and operational transition to enable the company to reduce its outstanding liabilities.
Source: rttnews.com
BANKRUPTCY BOOM: U.S. saw 70 major bankruptcies in just 4 months, the third worst start of year since 2000 – NaturalNews.com
The United States had at least 70 major bankruptcies in the first four months of the year. This major bankruptcy rate is the third worst start to the year since 2000, surpassed only in 2009 during the height of the Great Recession and in 2020 during the upheaval caused by economic lockdowns. In 2009, from […]
Source: naturalnews.com
A Pandemic Darling Falls Into Bankruptcy
The all-in-one pressure cooker Instant Pot became a smash hit during the pandemic. But that meteoric growth couldn't be sustained, and maker Instant Brands filed for bankruptcy...
Source: newser.com