According to the WSJ, Rite Aid will close more of its stores and plans to name a new chief executive. Interim CEO Elizabeth Burr will remain on the company's...
Drugstore chain Rite Aid Corp. has filed for bankruptcy, the Wall Street Journal reported Sunday night.
The bankruptcy filing had been expected for months, and the Journal reported in August that Rite Aid was more than $3.3 billion in debt, due largely to hundreds of lawsuits related to its distribution of opioid painkillers. The bankruptcy filing stays pending litigation against the company, according to the Journal.
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