Rite Aid about to file for bankruptcy...lot to discuss here
- Thread starter Ed MOTHERFUCKING G
- Start date
TheMailMan
All Star
I always print the receipt at CVS self checkout cuz u always get $5 reward bucks or $6 off a 30 dollar purchase and stuff like thatDefinitely seems that way. There was one next to my job and in my neighborhood and they both closed shop this past year.
Are you b*stards even LOOKING at them long ass receipts?!They're trying to give you GREAT DEALS
Some of them shyts are a couple dollars off your total purchase.
God Of Art
TheColi's Favorite Artist
I sold my car for art supplies and Amazon delivers everything...silicon lube, penis pumps, crayons, flashlights, drawing paper, gesso, oil sticks, satin bed sheets, condoms, vinyls, shirts? Panties, compression shorts, leggings, even Hitachi vibratory. Amazon won.
Damn no more thrifty’s ice cream??
i fukking love their ice cream. especially cookies and cream.
CashmereThoughts
Veteran
In NYC rite aid is in alot of underserved neighborhoods.
I just went to pick up something and that shyt is closed and the sign is gone
It was just there the other day.I don’t even know where the next closest pharmacy is.
CashmereThoughts
Veteran
Right aids packing up. Targets too. These neighborhoods getting more and more desolateI just went to pick up something and that shyt is closed and the sign is gone
I don’t even know where the next closest pharmacy is.
they held me down, ngl
AquaCityBoy
Veteran
I didn't even know Rite Aid was still around.
Thought they got bought out by CVS years ago
Thought they got bought out by CVS years ago
Rite Aid chain reportedly could sell up to 500 stores in bankruptcy plan
Rite Aid said Tuesday it continues to work with its financial stakeholders to identify the best path forward for the debt-saddled company.
www.nbcnews.com
Btw, this is why many of you thought they were bought:
They agreed to, but were blocked by ftc…and theyre dying now regardless.
and here we are
finance.yahoo.com
Rite Aid files for bankruptcy faced with high debt, opioid lawsuits
(Reuters) -Debt-laden U.S. drugstore chain Rite Aid filed for bankruptcy protection late on Sunday and said it would close underperforming stores, sell its pharmacy benefit company Elixir and resolve lawsuits over its sale of addictive opioid medications. Rite Aid, one of the largest U.S...
(Reuters) - Rite Aid filed for Chapter 11 bankruptcy on Sunday, a move that would halt lawsuits the drugstore chain is facing over its alleged role in the U.S. opioid crisis and named a new CEO.
Rite Aid said it has received a commitment for $3.45 billion in new financing from some of its lenders, which will provide enough liquidity to support it through the bankruptcy process.
The Chapter 11 filing will also allow Rite Aid to resolve litigation claims in an "equitable manner", the company said.
Apart from the opioid lawsuits, the pharmacy chain has been struggling with total debts of $8.60 billion as of June 3, according to a court filing with the U.S. Bankruptcy Court for the District of New Jersey, some of which is due to be repaid in 2025. Rite Aid also listed total assets of $7.65 billion.
Rite Aid appointed Jeffrey Stein as its new CEO and chief restructuring officer, replacing interim CEO Elizabeth Burr. Stein has been appointed to the company's board and Burr will also remain on the board, it said.
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.
Along with other pharmacy chains, Rite Aid has been named as a defendant in lawsuits that alleged they helped fuel the opioid crisis in the U.S.
The U.S. Department of Justice sued Rite Aid, accusing it of missing "red flags" as it illegally filled hundreds of thousands of prescriptions for controlled substances, including opioids.
The company operates more than 2,000 retail stores across 17 states in the U.S., although it is much smaller than rivals such as Walgreens Boots Alliance and CVS Health.
The Chapter 11 filing makes Rite Aid one of several companies that have filed for bankruptcy as they face lawsuits over the opioid crisis in the U.S.
Mallinckrodt, which is also facing litigation over its marketing of generic opioids, filed for its second bankruptcy in August and is in talks with major investors about selling some or all of its business units.
Rite Aid entered an agreement with MedImpact Healthcare Systems for the acquisition of its Elixir Solutions business. MedImpact will serve as the 'stalking horse bidder' in a court-supervised sale process.
(Reporting by Abinaya Vijayaraghavan, Mariam Sunny and Sriparna Roy in Bengaluru; Editing by Shweta Agarwal, Pooja Desai, Rashmi Aich and Simon Cameron-Moore)
