US pharmacy chain Rite Aid wants to continue as a private company after bankruptcy
(Reuters) – Rite Aid will operate as a private company following its successful financial restructuring and exit from Chapter 11 bankruptcy, the U.S. drugstore chain said on Tuesday. The pharmacy has used its bankruptcy to close hundreds of stores, sell…
Rite Aid emerges from bankruptcy and appoints Matt Schroeder as CEO
Rite Aid has announced a change in leadership as it turns out from Chapter 11 bankruptcy. Jeffrey S. Stein has resigned as CEO and Chief Restructuring Officerwhile the Company’s Executive Vice President and Chief Financial Officer, Matt Schroederwas appointed CEO,…
Rite Aid completes restructuring process and emerges from Chapter 11 bankruptcy
As a stronger company with a focused portfolio and improved financial position into the future PHILADELPHIA, September 3, 2024–(BUSINESS WIRE)–Rite Aid Corporation (“Rite Aid” or the “Company”) today announced that it has successfully completed its financial restructuring and exited Chapter…
Rite Aid exits bankruptcy; Insider becomes new CEO
Rite Aid’s bankruptcy proceedings have been completed. Rite Aid emerged from bankruptcy with a new CEO, a smaller store footprint, and significantly less debt. The pharmacy chain named experienced Matt Schroeder as its new CEO. Rite Aid announced the appointment…
