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Rite Aid seeks Chapter 11 bankruptcy protection as it deals with lawsuits and losses

Rite Aid seeks Chapter 11 bankruptcy protection as it deals with lawsuits and losses
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Drug retailer Rite Aid files for bankruptcy, gets $3 45 billion commitment By Reuters

Drug retailer Rite Aid files for bankruptcy, gets $3 45 billion commitment By Reuters
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Gaza s crowded hospitals near breaking point as Israeli ground invasion looms

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Drug retailer Rite Aid files for bankruptcy protection

The bankruptcy process will allow Rite Aid to resolve litigation claims in an "equitable manner", the company said. Rite Aid has appointed Jeffrey Stein as its new CEO and chief restructuring officer, replacing interim CEO Elizabeth Burr. Rite Aid will close more of its underperforming stores and will transfer employees at impacted stores to other locations where possible, the company said, without providing further details.

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Rite Aid files for bankruptcy, will close more stores: report

Drugstore chain Rite Aid Corp. filed for bankruptcy Sunday, as it faces billions of dollars of debt related to opioid lawsuits.

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