Rite Aid to close additional stores amid bankruptcy filing
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Drugstore chain Rite Aid is filing for bankruptcy again, eight months after emerging from a previous Chapter 11 filing in September 2024.
Rite Aid on Monday announced it is filing for bankruptcy for a second time, barely just seven months after the chain exited Chapter 11 and emerged as a private company.
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 close roughly 850 locations as part of a plan that handed control of the business over to lenders.
The Rite Aid store at 5201 Spring Road, Suite 6 in Carroll Township, near Shermans Dale is closing, the chain said in a bankruptcy filing on Friday. More than 40 of the stores on the latest list are in Pennsylvania including three stores in Perry County in Carroll, Penn and Howe townships.