Last updated on November 2, 2023
Rite Aid Corp., a prominent drugstore chain, has taken the step of filing for Chapter 11 bankruptcy protection in New Jersey. In response to this challenging situation, the company has made a significant leadership change by appointing Jeffrey Stein as its new chief executive officer with immediate effect. This decision aims to streamline operations and seek stability in the face of financial difficulties. The drugstore chain aims to navigate the bankruptcy process efficiently and emerge stronger on the other side, continuing to serve its customers and fulfill its commitments.
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