Rite Aid’s IP increasingly exists in a vacuum, given that it has all but disappeared from the landscape. With no potential acquirers emerging since its latest Chapter 11 filing, the company closed all of its 1,275 or so locations, according to an online notice earlier this month. CVS recently closed on a deal to acquire dozens of Rite Aid and Bartell Drugs stores and hundreds of Rite Aid and Bartell Drugs prescription files. There’s a reason why CVS and other rivals are snapping up more of Rite Aid’s pharmacy customers than physical locations: Their fleets are already too big, according to a report last month from Morningstar DBRS analysts led by Reid Usher.
Read the full article: Will Anyone Buy Rite Aid’s Brand? //
Source: https://www.retaildive.com/news/rite-aid-brand-IP-sale-bankruptcy/803332/