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Rite Aid Plans to Shut Down Hundreds of Stores, The Wall Street Journal

September 25, 2023, 08:00 AM
Filed Under: Bankruptcy

The Wall Street Journal reported Rite Aid is negotiating with creditors over the terms of a bankruptcy plan that would include liquidating a substantial number of its more than 2,100 drugstores, citing people familiar with the talks.

According to the report, the drugstore chain is negotiating with creditors over a chapter 11 plan that would substantially shrink its operational footprint.

Read The Wall Street Journal Report here (subscription required).

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