Get updates delivered to you daily. Free and customizable.
WTKR News 3
Rite Aid to close 24 stores in Virginia
By Foster Meyerson,
2 days ago
Rite Aid will be closing 699 stores nationwide after filing for bankruptcy in October, according to Penn Live.
Of those stores, 24 will be in Virginia.
Rite Aid has reportedly filed for Chapter 11 bankruptcy to restructure and significantly reduce its debt. The company turned control over to a group of its lenders, according to CNBC.
Rite Aid intends to exit bankruptcy with $2.55 billion in financing from its lenders, according to Reuters.
Watch previous: Rite Aid files for bankruptcy, plans to close some stores
Rite Aid files for bankruptcy, plans to close some stores
Comments / 0