Rite Aid in Quarryville to close
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Drugstore chain Rite Aid is filing for bankruptcy again, eight months after emerging from a previous Chapter 11 filing in September 2024.
A Chapter 11 filing would mark Rite Aid’s second bankruptcy in less than three years. The retailer first filed Chapter 11 in October 2023, using its time in court to cut $2 billion in debt and close roughly 850 locations as part of a plan that handed control of the business over to lenders.
A Chapter 11 filing would mark Rite Aid’s second bankruptcy in less than three years. The retailer first filed Chapter 11 in October 2023, using its time in court to cut $2 billion in debt and close roughly 850 locations as part of a plan that handed control of the business over to lenders.