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Rite Aid heading for bankruptcy again, plans to cut jobs: report

The company was unable to secure additional capital from lenders that was needed to continue operating the business, Bloomberg reported, citing a letter from CEO Matthew Schroeder.

May 5, 2025 - 19:43
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Rite Aid heading for bankruptcy again, plans to cut jobs: report
The company was unable to secure additional capital from lenders that was needed to continue operating the business, Bloomberg reported, citing a letter from CEO Matthew Schroeder.
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