[…] Rite Aid filed for bankruptcy in October 2013. It emerged from the bankruptcy with $2 billion in debt. The company says it is in talks to sell off some of its assets. It says it will continue to operate as a non-bankruptcy entity until the sale is complete. It is not clear when the sale will take place or how much money will be saved by selling off assets, the company says in a letter to employees. The letter also says the company is in discussions with potential buyers for the rest of its stores. It’s the second time in three years that the company has filed for Chapter 11 bankruptcy. The first time was in October 2012, when the company was in the midst of a $1.2 billion debt restructuring. The second time, the filing comes less than a year after it emerged from a similar bankruptcy. Read full article […]