1. Corporate Finance

Rite Aid reportedly preparing Chapter 11 bankruptcy filing

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Dive Brief

A filing could help the retailer restructure $3.3 billion in debt and address a slew of lawsuits alleging it unlawfully filled opioid prescriptions.

Published Aug. 28, 2023

A Rite Aid pharmacy storefront

A Rite Aid storefront. After years of sustained financial pressure, including opioid-related lawsuits, the company is preparing to file for Chapter 11 bankruptcy, according to multiple reports.

Permission granted by Rite Aid

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