• nosuchanon@lemmy.world
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      4 days ago

      Years of accumulating debt, competition from larger chains like CVS and Walgreens, and costly opioid lawsuits had pushed Rite Aid to the brink.

      https://tinygrab.com/who-bought-rite-aid-in-2025/

      Yes they had debt before, that’s why they went bankrupt in the first place. Now they are going bankrupt because private equity decided to buy the business and sell off what they don’t want.