A MAJOR pharmacy chain that has more than 1,200 stores across the US has filed for bankruptcy for the second time in two years.
Rumors that Rite Aid bosses would file for bankruptcy had been circulating for weeks.
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Matt Schroeder, the chain’s CEO, revealed that the company had faced financial challenges.
The company has racked up high debts and has been impacted by inflation and competition.
Bosses revealed that pharmacies would remain open in the months ahead and are trying to minimize disruption.
“As we move forward, our key priorities are ensuring uninterrupted pharmacy services for our customers and preserving jobs for as many associates as possible,” Schroeder said.
Rite Aid chiefs are already in talks with potential buyers.
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