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October 17, 2023

Rite Aid seeks Chapter 11 bankruptcy protection

By TOM MURPHY and ELAINE KURTENBACH
Associated Press

Rite Aid, which owns Bartell, has filed for bankruptcy protection and plans to sell part of its business as it attempts to restructure while dealing with losses and opioid-related lawsuits.

The company said Rite Aid stores will continue to fill prescriptions, and customers will still be able to visit its locations or shop online while it goes through its voluntary Chapter 11 process. But that process also will allow it to speed up its plan to close underperforming stores.


 
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