return2ozma@lemmy.world to News@lemmy.world · 2 months agoRite Aid shutters all stores after years of financial struggleswww.nbcnews.comexternal-linkmessage-square46linkfedilinkarrow-up1271arrow-down11
arrow-up1270arrow-down1external-linkRite Aid shutters all stores after years of financial struggleswww.nbcnews.comreturn2ozma@lemmy.world to News@lemmy.world · 2 months agomessage-square46linkfedilink
minus-squarenosuchanon@lemmy.worldlinkfedilinkarrow-up3·edit-22 months ago Years of accumulating debt, competition from larger chains like CVS and Walgreens, and costly opioid lawsuits had pushed Rite Aid to the brink. https://tinygrab.com/who-bought-rite-aid-in-2025/ Yes they had debt before, that’s why they went bankrupt in the first place. Now they are going bankrupt because private equity decided to buy the business and sell off what they don’t want.
https://tinygrab.com/who-bought-rite-aid-in-2025/
Yes they had debt before, that’s why they went bankrupt in the first place. Now they are going bankrupt because private equity decided to buy the business and sell off what they don’t want.