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Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. [10] It was founded in 1962 in Scranton, Pennsylvania, by Alex Grass under the name Thrift D Discount Center. It is the third-largest drugstore chain in the United States, with over 2,000 stores, and ranked No. 148 in the Fortune 500 in 2022.
Career. Lehrman is the former president of Rite Aid Corporation, a writer, businessman and an economic historian. Rite Aid. Rite Aid Corporation was an outgrowth of a family wholesale grocery business in central Pennsylvania, Louis Lehrman & Son, founded by Lehrman's grandfather Louis and expanded by his father Benjamin.
Miller began his career in a grocery store. He eventually served as the chairman and CEO of Fred Meyer. During his time as CEO, he led Fred Meyer through their merger with Kroger, in mid-1999. He then served as vice chairman and chief operating officer at Kroger for a brief time before being appointed as chairman and CEO of Rite Aid Corporation ...
Rite Aid's bankruptcy plan, revised on Thursday, would cut $2 billion in debt and provide $47.5 million to junior creditors, including individuals and local governments who have sued the company ...
October 19, 2023 at 8:50 AM. Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed more than 100 stores nationwide as part of its restructuring efforts. The ...
Rite Aid filed a petition under Chapter 11 of the U.S. Bankruptcy Code on Oct. 15 amid flagging sales, mounting debt and several opioid-related lawsuits. According to the Wall Street Journal, the ...
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