With drugstore chain Rite Aid filing bankruptcy, the already long list of busts adds a fairly high-profile name.
Drugstore chain Rite Aid filed for bankruptcy over the weekend, adding to the already long list of companies going bust in 2023.
The number was just shy the 518 bankruptcy filings in the first nine months of 2020, when the Covid-19 pandemic forced many companies to shut business and strained their cash flows. Besides 2020, this year’s bankruptcy toll has been the worst since 2010. Lacking liquidity, firms with weaker balance sheets are especially vulnerable to debt defaults. Last year, Barron’s flagged seven companies at risk of a liquidity squeeze—ones with weak cash balances and high short-term debt. Three names on the list have already gone bust this year, including Rite Aid.
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Drugstore chain Rite Aid files for bankruptcyThe filing could help Rite Aid manage its billions of dollars in debt and shield it from lawsuits alleging that it unlawfully filled opioid prescriptions.
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Major US pharmacy chain Rite Aid files for bankruptcyMajor U.S. pharmacy chain Rite Aid says it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits.
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Major US pharmacy chain Rite Aid files for bankruptcyMajor U.S. pharmacy chain Rite Aid says it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits
Weiterlesen »
Major US pharmacy chain Rite Aid files for bankruptcyMajor U.S. pharmacy chain Rite Aid says it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits. Rite Aid said it would also close “underperforming” stores.
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Major US pharmacy chain Rite Aid files for bankruptcyMajor U.S. pharmacy chain Rite Aid says it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits.
Weiterlesen »
Major US pharmacy chain Rite Aid files for bankruptcyMajor U.S. pharmacy chain Rite Aid says it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits.
Weiterlesen »