Rite Aid is weighing a possible repeat bankruptcy after its recent financial restructuring failed to put the drugstore chain on a sustainable path, according to people familiar with the matter. The Philadelphia-based company has also been pursuing a sale of some or all of its business as a potential alternative to a chapter 11 filing, the people said. Rite Aid has been working with law firm Paul Weiss to advise it on its options, they said. A group of senior bondholders took control of the company during its latest restructuring.
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Source: https://www.wsj.com/articles/rite-aid-weighs-repeat-bankruptcy-filing-73d0641a