return2ozma@lemmy.world to News@lemmy.world · 4 days agoRite Aid shutters all stores after years of financial struggleswww.nbcnews.comexternal-linkmessage-square46fedilinkarrow-up1270arrow-down11
arrow-up1269arrow-down1external-linkRite Aid shutters all stores after years of financial struggleswww.nbcnews.comreturn2ozma@lemmy.world to News@lemmy.world · 4 days agomessage-square46fedilink
minus-squareinsufferableninja@sh.itjust.workslinkfedilinkEnglisharrow-up3·3 days agoPrivate equity bought them after they filed for bankruptcy. Doesn’t explain how the were $2B in debt before the chapter 11
minus-squarenosuchanon@lemmy.worldlinkfedilinkarrow-up3·edit-23 days 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.
Private equity bought them after they filed for bankruptcy. Doesn’t explain how the were $2B in debt before the chapter 11
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.