Chain Store Age
Rite Aid’s transfer of stores to Walgreens Boots Alliance is expected to be complete in spring of this year.
Rite Aid reported the successful transfer of 625 of its stores and
related assets to Walgreens Boots Alliance. The company said it has
received cash proceeds of $1.3 billion, which it is using to repay all
of its $970 million of outstanding secured loans while maintaining a
strong liquidity position.. . . more