Rite Aid is closing 95 more stores
Digest more
A bankruptcy judge on Wednesday approved Rite Aid’s pharmacy asset sales to a variety of buyers. Purchase prices were not disclosed.
Rite Aid has sold the pharmacy services of most of its stores across the United States to several rivals. The bankrupt company announced the fire sale Thursday, with CVS Pharmacy, Walgreens, Albertsons and Kroger scooping up Rite Aid’s pharmacy services at more than 1,000 locations.
Walgreens will shut two NJ stores as part of a national turnaround strategy and $10B acquisition by Sycamore Partners.