PHILADELPHIA — Rite Aid Corp. on Sunday announced that it has filed for Chapter 11 bankruptcy protection as part of a voluntary restructuring plan that the company says will reduce its debt, increase its financial flexibility, and allow it to accelerate its ongoing business transformation. In connection with this process, Rite Aid said it has
PITTSBURGH — GNC Holdings announced late Tuesday that it will file for Chapter 11 protection in the U.S. Bankruptcy Court— just seven days before it faced paying a debt of $900 million or more. GNC plans to reorganize, but the company and its lenders also have agreed to sell the business via a court-supervised auction.
BELLINGHAM, Wash. — Haggen Inc. has filed for Chapter 11 bankruptcy protection, as the food and drug retailer has struggled since expanding into California via the acquisition of Albertsons and Safeway stores late last year. The filing came a week after Haggen filed a lawsuit against Albertsons LLC and Albertsons Holdings LLC that seeks more
