The company has also been pursuing a sale of some or all of its businesses as a potential alternative to a Chapter 11 filing, the WSJ report said, citing people familiar with the matter. If a sale doesn't materialize either inside or outside of bankruptcy, the pharmacy chain stands at risk of liquidating more of its footprint, the report added. Rite Aid did not immediately respond to a Reuters request for comment.
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Rite Aid weighs repeat bankruptcy filing, WSJ reports
The company has also been pursuing a sale of some or all of its businesses as a potential alternative to a Chapter 11 filing, the WSJ report said, citing people familiar with the matter. If a sale doesn't materialize either inside or outside of bankruptcy, the pharmacy chain stands at risk of liquidating more of its footprint, the report added. Rite Aid did not immediately respond to a Reuters request for comment.