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Pharmacy chain Rite Aid announced this week that it has emerged from Chapter 11 bankruptcy as the company was sold to its creditors.Rite Aid said it secured $2.5 billion in funding, and was able to use that funding to eliminate nearly $2 billion in debt. In the process, Rite Aid has shuttered numerous stores across the U.S.RELATED STORY | Walgreens closing numerous stores amid challenging retail environmentThe company
stanley deutschland also said it has adopted a more efficient operating model. Emergence is a pivotal moment in Rite Aids history, enabling it to move forward as a significantly transformed, stronger and more efficient company, said Jeffrey S. Stein, Rite Aid s outgoing CEO. We are grateful for the ongoing support of our customers, as
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stanley cup gned to improve health and wellness outcomes across the communities we serve. I am excited about Rite Aids future as it continues to focus on executing its strategy and delivering for its customers and stakeholders. Amid Rite Aid s sale, Stein stepped down as CEO and handed the reins to Matt Schroeder, who most recently served as the company s executive vice Ljyz How will Arizona s near-total ban on abortion be enforced
Negotiations aimed at ending Major League Baseballs lockout will resume Thursday. The players association notified management it is ready to respond to the offer MLB made last Saturday, proposals that were received coolly by the union. Baseballs ninth work stoppage enters its 78th day Thursday, one day after spring training workouts had been scheduled to start. There is little chance exhib
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stanley quencher Feb. 26, and the work stoppage soon will threaten opening day March 31. Copyright 2022 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Report a typo Sign up for the Breaking News Newsletter and receive up to date information. now signed up to receive the Breaking News Newsletter. Click here to manage all Newsletters
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