Rite Aid Closing 2024. Rite aid will operate as a private company after it successfully completed its financial restructuring and emerged from chapter 11 bankruptcy, the u.s. Has been cleared to exit bankruptcy after winning court approval on a restructuring plan that’s poised to save the ailing pharmacy chain from liquidation by handing.
Rite aid is closing multiple locations after filing for bankruptcy last year. Rite aid has closed about 200 stores since its filing two months ago for chapter 11 bankruptcy protection with potentially more retail locations to close in coming weeks and months.