💨 Abstract

Rite-Aid, the third-largest drugstore chain in the U.S., has filed for bankruptcy for the second time in two years. The company aims to sell all assets and maintain store operations during Chapter 11 proceedings. They filed for bankruptcy in 2023, shuttered over 800 stores, and emerged from bankruptcy as a private company in 2024.

Courtesy: metro.co.uk

Summarized by Einstein Beta 🤖