As it navigates Chapter 11 bankruptcy, Rite Aid and its key drug supplier, McKesson, have made peace, at least for now, averting the risk that McKesson would halt drug deliveries to its 2,100 ...

Rite Aid has filed for bankruptcy again, less than a year after exiting its first. Bloomberg, citing a letter sent to employees by Rite Aid CEO Matthew Schroeder, reported Monday that Rite Aid ...

Rite Aid Corp. resolved a fight with its largest supplier of prescription drugs, McKesson Corp., that the retailer said threatened its ability to continue providing customers with life saving ...

Rite Aid lenders would no longer cover payroll or other employment-related expenses “if we retain the entirety of our workforce,” he said in the letter. A “significant” Rite Aid vendor ...

Rite Aid filed for Chapter 11 bankruptcy protection Sunday with plans to close more “underperforming ...More stores.” the company said Oct. 15, 2023. In this photo, a Rite Aid store in the ...

Rite Aid has filed for bankruptcy. What it means for the pharmacy chain and its customers Rumors of Rite Aid's plans to file for bankruptcy began circulating at the end of August amid the company ...

Rite Aid has announced more store closures after filing for bankruptcy a second time in as many years.. The drug store announced it had filed for Chapter 11 bankruptcy again on May 5, the second ...

Rite Aid emerged from Chapter 11 in September, saying at the time that it had become a stronger company with “significantly less debt and additional financial resources.” But it wasn’t enough.

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 ...