Rite Aid
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Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. It was founded in 1962 in Scranton, Pennsylvania, by Alex Grass under the name Thrift D Discount Center. It is the third-largest drugstore chain in the United States, with over 2,000 stores, and ranked No. 148 in the Fortune 500 in 2022.
NEW YORK (Reuters) - Rite Aid, one of the largest U.S. pharmacy chains, received permission from a U.S. judge on Thursday to begin voting on a bankruptcy restructuring plan that would turn over...
October 19, 2023 at 8:50 AM. Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed more than 100 stores nationwide as part of its restructuring efforts.
As NBC News reported, the chain operated 2,253 stores as of Sept. 3. The states most affected by the closures are Pennsylvania (39 stores), California (31 stores) and New York (20 stores). While ...
Acquisition by Rite Aid. On October 7, 2020, the company announced that it would be sold to Pennsylvania-based Rite Aid for $95 million. At the time of the sale, Bartell Drugs had 69 locations in King, Pierce and Snohomish Counties. The acquisition was completed on December 18. By 2023, five locations in Seattle had been closed by Rite Aid ...
On September 19, 2017, the Federal Trade Commission (FTC) approved Walgreens' fourth attempt to purchase Rite Aid, with 1,932 stores, for $4.38 billion. 2020s. In February 2020, Walgreens announced the appointment of Richard Ashworth as president, but he left within the year.
After filing for Chapter 11 bankruptcy protection, Rite Aid said it will receive $3.45 billion in new financing to help the company keep remaining stores open and employees paid while it...
In 2019, Donigan replaced John Standley as President and CEO of Rite Aid. At the time of her appointment, Donigan was one of 36 women to serve at CEO of a Fortune 500 company, a record at the time. [7]
Rite Aid is closing another roughly 30 locations across the US in addition to the 100 the bankrupt chain announced last month as part of its restructuring efforts.
In 2023, Rite Aid filed for Chapter 11 bankruptcy. Despite Thrift Drug shutting down 26 years prior to Rite Aid's bankruptcy filing, Thrift Drug was still listed in the filing. [6]
