the staff of the Ridgewood blog
Twp of Washington NJ, Rite Aid, one of America’s largest pharmacy retailers, has filed for Chapter 11 bankruptcy again—just 18 months after emerging from its previous financial restructuring. The company filed its latest petition in a New Jersey bankruptcy court, listing liabilities between $1 billion and $10 billion, signaling continued struggles to stay afloat amid rising debt, inflationary pressures, and fierce competition.
