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.
Rite Aid, which has denied wrongdoing, is still finalizing some of the settlements that are critical to the restructuring, including an agreement that would resolve a U.S. Department of Justice...
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.
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.
The Pennsylvania-based drugstore chain Rite Aid announced on Sunday that it intends to close 154 of its stores as part of its recent bankruptcy filing and will be shuttering more throughout the...
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 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 has announced it will close at least 154 stores as part of its bankruptcy process. The chain had 2,253 stores as of Sept. 3, and the U.S. Bankruptcy Court in New Jersey also approved...
On October 27, 2015, Walgreens announced the purchase of competitor Rite Aid for $17.2 billion. However, that deal was later scrapped due to antitrust concerns in favor of a $5.18 billion deal, in which Walgreens only acquired half of Rite Aid locations.
Rite Aid, the third largest standalone pharmacy chain, filed for bankruptcy Sunday and will reportedly close roughly 400 to 500 of its approximately 2,200 stores.
