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Rite Aid Files for Bankruptcy, Changes Leadership Amid Slowing Sales, Opioid Lawsuits

By Aaron Pan Rite Aid filed for Chapter 11 bankruptcy protection as the company has struggled with slowing sales, mounting debt, and multiple lawsuits alleging the pharmacy chain’s responsibility for the opioid crisis across the United States. The Philadelphia-based company, which filed for bankruptcy protection on Oct. 15, announced that it would begin a restructuring […]