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Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. [1] It was founded in 1962 in Scranton, Pennsylvania, by Alex Grass under the name Thrift D Discount Center. It is the third-largest drugstore chain in the United States, with roughly 1,250 stores in 15 U.S. states, primarily on the East and West coasts.
Bi-Mart: Bi-Mart's parent company, Thrifty PayLess was sold to Rite Aid in October 1996 for $1.3 billion. [31] Rite Aid sold Bi-Mart to Endeavour Capital in 1997. [32] By 2004, Endeavour Capital transferred ownership of the company to its employees through an employee stock ownership plan. [32] The chain is last operating former Pay n' Save ...
Thrifty PayLess Holdings, Inc. was a pharmacy holding company that owned the Thrifty Drugs and PayLess Drug Stores chains in the western United States. The combined company was formed in April 1994 when Los Angeles–based TCH Corporation, the parent company of Thrifty Corporation and Thrifty Drug Stores, Inc., acquired the Kmart subsidiary PayLess Drug Stores Northwest, Inc. [1] At the time ...
Rite Aid said in the bankruptcy filing that it suffered roughly $2.9 billion in losses over the past six years. As part of a financial restructuring, the company said it is terminating leases for ...
Rite Aid reported the closure of 160 Michigan stores and 111 Ohio stores in court papers filed between June and August. (Reporting by Sriparna Roy in Bengaluru and Dietrich Knauth in New York ...
Rite Aid, one of the largest U.S. pharmacy chains, received permission from a U.S. judge on Thursday to begin voting on a bankruptcy restructuring plan that would turn over most of the company's ...
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