Rite Aid Sells Pharmacy Assets of Over 1,000 Stores to Competitors Amid Bankruptcy Struggles
Rite Aid has announced the sale of pharmacy assets from more than 1,000 of its stores to major rivals, including CVS Pharmacy, Walgreens, Kroger, and Albertsons, as part of its ongoing efforts to restructure under Chapter 11 bankruptcy. The company revealed the deals on Thursday, describing the divestment as a critical step in ensuring uninterrupted…
