 |
|
|
|||||
As it prepares to sell off its remaining assets in the wake of a second bankruptcy filing, Rite Aid continues to move aggressively to close pharmacy locations that it no longer deems viable. The drugstore chain, which has already found buyers for most of its prescription business, has added another 111 retail drugstores to its rapidly growing list of doomed locations, a court filing revealed last week. The list includes pharmacies across 12 states, with California and New York being hit the hardest. Interested parties have until June 9 to object. Fast Company has reached out to Rite Aid to ask about the timeline of the closures. With this latest list, the pharmacy chain has now marked more than 470 stores for closure since the Chapter 11 process began about a month ago, comprising more than a third of Rite Aid’s total fleet of 1,277 locations. The May 30 filing is its fourth notice of additional closures. Previous waves of closures were disclosed in earlier filings: May 5: 47 initial locations May 9: 68 additional locations May 16: 95 additional locations May 23: 151 additional locations Immediate fate of stores uncertain as wind-down continues Rite Aid had initially scrambled to sell off its prescription files amid concerns that a mass exodus of customers would diminish the value of its pharmacy assets. It quickly announced deals with CVS, Walgreens, Albertsons, and others. For most customers, that means their prescriptions will be transferred to an entirely different pharmacy and location. But only a handful of physical retail stores were included in those announcements, and the exact locations of those stores have yet to be releasedleading to further uncertainty for Rite Aid customers and employees. Now time is running out for companies that may be interested in taking over additional Rite Aid locations before they close for good. Any such company was required to indicate its interest by last Friday. Bid submissions are due on June 18, with an auction planned for June 24 if necessary. In addition to physical stores, Rite Aid’s remaining assets include the Thrifty ice cream brand, which is sold by third-party retailers in addition to being available at counters in many Rite Aid locations. The latest list of 111 Rite Aid stores marked for closure is below. California 15331 Baseline Avenue, Fontana, CA, 92336 1301 Munras Avenue, Monterey, CA, 93940 4010 Manzanita Avenue, Carmichael, CA, 95608 47985 Monroe Street Bldg A, Indio, CA, 92201 12511 Magnolia Boulevard, North Hollywood, CA, 91607 74958 Country Club Drive, Palm Desert, CA, 92260 1331 South Mission Road, Fallbrook, CA, 92028 26 Old Mammoth Road, Mammoth Lakes, CA, 93546 456 S Madera Avenue, Kerman, CA, 93630 740 Quintana Road, Morro Bay, CA, 93442 15025 Olympic Drive, Clearlake, CA, 95422 1021 Bridge Street, Colusa, CA, 95932 616 Alamo Pintado Road, Solvang, CA, 93463 4994 Joe Howard Street, Mariposa, CA, 95338 160 E Antelope Ave, Woodlake, CA, 93286 807 South Main Street, Yreka, CA, 96097 1935 N Street, Newman, CA, 95360 1500 Whitley Avenue, Corcoran, CA, 93212 616 East Hobsonway, Blythe, CA, 92225 2501 Highway 46, Wasco, CA, 93280 230 South Main Street, Angels Camp, CA, 95222 40 East Main Street, Quincy, CA, 95971 72253 Twentynine Palms Highway, Twentynine Palms, CA, 92277 159 West Polk Street, Coalinga, CA, 93210 1400 Linda Mar Boulevard, Pacifica, CA, 94044 199 North Fairview Avenue, Goleta, CA, 93117 20 East 18th Street, Antioch, CA, 94509 1110 Los Osos Valley Road, Los Osos, CA, 93402 345 Town Center West, Santa Maria, CA, 93458 2405 South Broadway, Santa Maria, CA, 93454 1220 Broadway, Placerville, CA, 95667 725 South Fortuna Boulevard, Fortuna, CA, 95540 1710 California Street, Escalon, CA, 95320 2700 Oro Dam Boulevard East, Oroville, CA, 95966 4830 J Street, Sacramento, CA, 95819 9700 Panama Lane, Bakersfield, CA, 93311 14115 Lakeridge Circle, Magalia, CA, 95954 7900 West Sunset Boulevard, Los Angeles, CA, 90046 Connecticut 190 East Avenue, Norwalk, CT, 06855 1387 New Haven Ave., Milford, CT, 06460 Delaware 444 Savannah Road, Lewes, DE, 19958 Maryland 7 Westminster Shopping Center, Westminster, MD, 21157 505 Linden Avenue, Pocomoke City, MD, 21851 4600 West Northern Parkway, Baltimore, MD, 21215 New Hampshire 51 South Main Street, Newport, NH, 03773 14 Peterborough Street, Jaffrey, NH, 03452 315 West Main Street, Hillsboro, NH, 03244 136 Meadow Street, Littleton, NH, 03561 10 Main Street, Winchester, NH, 03470 89 Nh Route 25, Meredith, NH, 03253 New Jersey 3400 New Jersey Avenue, Wildwood, NJ, 08260 New York 40 West Main Street, Springville, NY, 14141 81 West Main Street, Gowanda, NY, 14070 1511 Route 22 Suite A, Brewster, NY, 10509 3795 East Main Road, Fredonia, NY, 14063 153 Prospect Street, Attica, NY, 14011 2175 South Park Avenue, Buffalo, NY, 14220 480 Evas Road, Williamsville, NY, 14221 1000 Pennsylvania Avenue, Elmira, NY, 14904 5224 Fifth Avenue, Brooklyn, NY, 11220 350 Niagara Street, Buffalo, NY, 14201 1941 Seneca Street, Buffalo, NY, 14210 424 Elmwood Ave., Buffalo, NY, 14222 419 Division Street, North Tonawanda, NY, 14120 476 William Street, Buffalo, NY, 14206 6000 Transit Road, Depew, NY, 14043 3987 Lockport Olcott Road, Lockport, NY, 14094 320 Main Street, Beacon, NY, 12508 284 Connecticut Street, Buffalo, NY, 14213 963 Fairmount Avenue We, Jamestown, NY, 14701 140 Pine Street, Hamburg, NY, 14075 6616 Lincoln Avenue, Lockport, NY, 14094 9160 Main Street, Clarence, NY, 14031 5447 Main Street, Williamsville, NY, 14221 338 West Washington Street, Bath, NY, 14810 9062 Erie Road, Angola, NY, 14006 1631-43 Pitkin Avenue, Brooklyn, NY, 11212 103 Hawkins Drive, Montgomery, NY, 12549 5335 West Genesee St Ste 20, Camillus, NY, 13031 50 East Montauk Highway, Hampton Bays, NY, 11946 6939 Erie Road, Derby, NY, 14047 12983 Main Road, Akron, NY, 14001 2325 Grand Island Blvd., Grand Island, NY, 14072 8079 North Main Street, Eden, NY, 14057 100 Conhocton St, Corning, NY, 14830 5999 South Park Avenue, Hamburg, NY, 14075 1454 Union Road, West Seneca, NY, 14224 2898 Westinghouse Road, Horseheads, NY, 14845 798 Harlem Road, West Seneca, NY, 14224 Oregon 448 Ne Hwy 99W, Mcminnville, OR, 97128 1900 Sw Court Place, Pendleton, OR, 97801 30 East Oak Street, Lebanon, OR, 97355 Pennsylvania 164 West Chelten Avenue, Philadelphia, PA, 19144 Vermont 12 North Main Street, Randolph, VT, 05060 1823 Vermont Route 107 #2, Bethel, VT, 05032 Virginia 2305 Oaklawn Boulevard, Hopewell, VA, 23860 10 Willow Oaks Blvd, Hampton, VA, 23669 3005 Old Mill Road, Chesapeake, VA, 23323 Washington 412 East College Way, Mt. Vernon, WA, 98273 520 West Washington Street, Sequim, WA, 98382 8500 35th Avenue Ne, Seattle, WA, 98115 500 South Pioneer Way, Moses Lake, WA, 98837 4920-A Evergreen Way, Everett, WA, 98203 4117 Kitsap Way, Bremerton, WA, 98312 31645 State Route 20, Oak Harbor, WA, 98277 1630 South Grand Avenue, Pullman, WA, 99163 621 South Lincoln St., Port Angeles, WA, 98362 1850 South Mildred Street, Tacoma, WA, 98465 3909 Hoyt Ave, Everett, WA, 98201
Category:
E-Commerce
Trading resumed on the Damascus Securities Exchange Monday after a six-month closure, as Syria’s new leaders attempt to shore up the country’s battered economy and begin rebuilding after nearly 14 years of civil war.The stock exchange had closed during the chaotic days leading up to the ouster of former President Bashar Assad in a lightning rebel offensive.Syrian Finance Minister Mohammed Yisr Barnieh, who attended the reopening, said that it signals that the country’s economy is beginning to recover and that the stock exchange “will operate as a private company and serve as a genuine hub for Syria’s economic development, with a strong focus on digital,” state-run news agency SANA reported.He said the country’s new leaders plan to “facilitate business operations and open doors to promising investment opportunities.”The move to reopen comes as international restrictions on Syria’s financial systems begin to ease. The United States and Europe both last month announced the lifting of a wide raft of sanctions that had been slapped on Syria under the Assad dynasty’s rule.Last week, Syria inked a power deal worth $7 billion with a consortium of Qatari, Turkish and U.S. companies for development of a 5,000-megawatt energy project to revitalize much of Syria’s war-battered electricity grid.The consortium led by Qatar’s UCC Concession Investmentsalong with Power International USA and Turkey’s Kalyon GES Enerji Yatirimlari, Cengiz Enerjiwill develop four combined-cycle gas turbines with a total generating capacity estimated at approximately 4,000 megawatts and a 1,000-megawatt solar power plant. Ghaith Alsayed, Associated Press
Category:
E-Commerce
(Corrects paragraph 3 to say 23andMe filed for bankruptcy in March, not April) The founder of 23andMe, Anne Wojcicki, has asked a U.S. judge to reopen an auction for the genetic testing company, saying she has the support of a Fortune 500 company with a current market capitalization of more than $400 billion. Wojcicki did not name the Fortune 500 company in court filings. South San Francisco, California-based 23andMe filed for bankruptcy in March, seeking to sell its business at auction after a decline in consumer demand and a 2023 data breach that exposed sensitive genetic and personal information of millions of customers. Last month, Regeneron Pharmaceuticals agreed to buy the firm for $256 million, topping a $146 million bid from Wojcicki and TTAM Research Institute, which was founded by Wojcicki and describes itself as a California non-profit public benefit corporation. In a filing dated May 31, Wojcicki claimed that 23andMe’s debtors had attempted to tilt the sales process away from TTAM and in favor of Regeneron. TTAM and Wojcicki said in the filing that 23andMes financial and legal advisers unfairly capped their maximum bid at $250 million due to misplaced concerns about TTAM’s “financial wherewithal”. The plaintiffs said the auction was prematurely concluded before they had the opportunity to submit a bid that would have exceeded $280 million. The company’s debtors said the auction results came after an extensive and careful consideration by a four-member special committee of independent directors, according to the filing. According to another filing, 23andMe is seeking court approval to let Wojcicki and Regeneron submit final proposals by June 12. 23andMe is also seeking a $10 million breakup fee for Regeneron if Wojcicki’s bid is ultimately accepted. Regeneron said it does not comment on the ongoing proceeding and aims to close the acquisition as intended. Lawyers for 23andMe’s debtors and TTAM parties did not immediately respond to emails seeking comment. Urvi Dugar, Reuters
Category:
E-Commerce
All news |
||||||||||||||||||
|
||||||||||||||||||