As Rite Aid Closes Stores, Don’t Look For CVS Or Walgreens To Buy Them

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Rite Aid announced that it is “pursuing a strategic and value-maximizing sale process for … More substantially all of its assets,” the company said on May 5, 2025. “To facilitate this process, the company and its subsidiaries commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of New Jersey.”

Rite Aid

News that Rite Aid is going to once again file for bankruptcy and sell off its assets doesn’t mean shuttered brick-and-mortar stores will re-open…

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News Source: www.forbes.com

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