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Mike Blake/ReutersRite Aid filed for bankruptcy on Sunday as the company struggles with more than 1,000 lawsuits over its alleged role in the opioid crisis alongside mounting debts and declining sales. The pharmacy, which filed for Chapter 11 bankruptcy protection in New Jersey, said it raised $3.45 billion to provide liquidity to support its operations throughout the process. It also claimed the funding would allow the business to resolve the lawsuits—which have accused Rite Aid of illegally fi

Asia and RoW had excellent broad-based growth partly due to travel retail recovery, while Europe saw strong resilience and pricing with growth partially led by the rebound in the channel

Press Release 30/08/2023 Very strong fy23 performance in a normalising environment +10% organic sales growth +11% organic growth in pro1 ...

Best Buy lowered the high end of its full-year revenue outlook in anticipation of a dip in tech demand.

An additional drop in revenue would mark the longest streak of declines in two decades — a startling slowdown for the world’s most valuable company.