this post was submitted on 16 Oct 2023
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United States | News & Politics

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Rite Aid files, third largest pharmacy chain by sales, for bankruptcy, appoints new leadership in financial restructuring initiative. (www.msn.com)
submitted 1 year ago by [email protected] to c/[email protected]
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[–] [email protected] 5 points 1 year ago

It was probably never true, but for many years I foolishly thought that 'bankruptcy' meant 'going out of business.' That's what it means if a mom-and-pop restaurant or shop declares bankruptcy. When companies get ginormous, though, they never go away. Rite Aid will 'reorganize' itself with fresh investors, and it'll still be a shitty drug store long after everyone reading this is dead.