{"id":330669,"date":"2025-10-25T03:38:20","date_gmt":"2025-10-25T03:38:20","guid":{"rendered":"https:\/\/www.europesays.com\/us\/330669\/"},"modified":"2025-10-25T03:38:20","modified_gmt":"2025-10-25T03:38:20","slug":"rare-opportunity-iconic-drugstore-chain-once-dominated-u-s-pharmacy-market-now-its-name-is-up-for-sale","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/330669\/","title":{"rendered":"\u2018Rare opportunity\u2019: Iconic drugstore chain once dominated U.S. pharmacy market; now its name is up for sale"},"content":{"rendered":"<p class=\"article__paragraph article__paragraph--left\" id=\"QQTNNNHJDJF6RMYEUMUJMZVREU\">The <a href=\"https:\/\/www.pennlive.com\/topic\/rite-aid\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.pennlive.com\/topic\/rite-aid\">Rite Aid <\/a>name is for sale.<\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"FLIJVKV6JRFPLP4OTWZKOQQZRM\">Financial company Hilco Global has announced that the former drugstore\u2019s brand and related assets are available for acquisition. Hilco Global is managing the sale of the assets.<\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"TKOAOC5E2JDWPLZWSDE5P7MWRQ\">\u201cThis is a rare opportunity to acquire one of the most well-known retail healthcare brands in the U.S.,\u201d David Peress, Hilco Global\u2019s executive director of IP Services, said in a news release. \u201cThe Rite Aid brand can be immediately leveraged across multiple sectors\u2014from ePharmacy and digital health, to health and beauty and consumer-packaged goods\u2014to meaningfully engage with consumers across sales channels.&#8221;<\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"DN7AXENKMZCMTDG2EJZO3E4AFA\">Bids to acquire the assets are due by Oct. 31. Hilco Global said an auction, if necessary, will be held on Nov. 6.<\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"LCA6G6PI3NBQ7CZZK7GDZEAYOE\">Hilco Global is selling the following:<\/p>\n<ul class=\"article__unordered-list\">\n<li id=\"UAKVBLHBRZEALOE5SEXJ6KKUG4\">Rite Aid trademarks \u2014 The Rite Aid name, trademarks, and logos.<\/li>\n<li id=\"7BHKUZ42ZBGLVFZ2FLLCFZ2H4Q\">RiteAid.com and digital properties \u2013 The RiteAid.com domain name and rights to Rite Aid social media handles.<\/li>\n<li id=\"3KSAWB3UQRFXNOSREWKAQ6ZWDM\">Owned private label brands \u2014 RYSHI, PawTown, Refreshery, Tugaboos, and more.<\/li>\n<li id=\"BIHNTNWT6RDLNKAXTWTDEBD6JU\">Customer loyalty data \u2014 10.9 million contactable email opt-in (1.2 million \u201cactive\u201d) and 4.8 million short message service opt-in (1.2 million \u201cactive\u201d) loyalty profiles.<\/li>\n<\/ul>\n<p class=\"article__paragraph article__paragraph--left\" id=\"H2GQBU47LRD2VEKDVF7EBN4PEY\">Rite Aid\u2019s Chapter 11 bankruptcy proceeding is pending before the United States Bankruptcy Court for the District of New Jersey. Hilco Global\u2019s retention is subject to approval by the Bankruptcy Court. The sale of assets will be made pursuant to an order of the Bankruptcy Court. <\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"TSWBOGKGDJGX5JZELEW3TYFMVY\">The sale doesn\u2019t include prescription files, which were previously sold to CVS, Walgreens, Giant Eagle, Albertsons, Kroger, Weis Markets, and others.<\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"UR5N7LMHBFBXJKP3NVYJ4WOT2E\"><a href=\"https:\/\/www.pennlive.com\/business\/2025\/10\/pa-pharmacy-chain-that-once-dominated-the-us-market-has-closed-every-store.html\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.pennlive.com\/business\/2025\/10\/pa-pharmacy-chain-that-once-dominated-the-us-market-has-closed-every-store.html\">Rite Aid was founded in 1962<\/a> with a single store in Scranton called the Thrift D Discount Center.<\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"ANNX4ZFHBBBMFHRHQC3YI2LG4I\">In 1995, there were around 3,000 Rite Aid stores. It was the number one drugstore chain in terms of store numbers and the number two in sales at the time. By 2015, the company had more than 4,600 stores operating in 31 states and Washington, D.C.<\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"JRQERZ557BB2BMJ6QN2K4AB4ZI\">In 2017, Walgreens agreed to purchase 1,932 Rite Aid stores, three distribution centers, and related inventory from Rite Aid for $4.37 billion. That followed a failed merger attempt between the two companies.<\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"V72GQJPL25EWDIV4PHELU6YBWU\">Rite Aid closed more than 800 stores during its first bankruptcy, which began in October 2023<\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"WJBI6XREA5CRXNWN7T35TXVF7A\">The company filed for Chapter 11 bankruptcy a second time back in May. At the time, the retailer had more than 1,200 stores, including more than 400 locations in Pennsylvania. Rite Aid has since closed all of its stores. The final pharmacies closed last month. <\/p>\n<p class=\"article__paragraph article__paragraph--left\" id=\"M56KRVZEPRAY7OG7NUDMRFFJBA\">Rite Aid was based in East Pennsboro Township for decades before moving to Philadelphia a few years ago.<\/p>\n<p>If you purchase a product or register for an account through a link on our site, we may receive compensation. By using this site, you consent to our <a href=\"https:\/\/www.advancelocal.com\/advancelocalUserAgreement\/user-agreement.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">User Agreement<\/a> and agree that your clicks, interactions, and personal information may be collected, recorded, and\/or stored by us and social media and other third-party partners in accordance with our <a href=\"https:\/\/www.advancelocal.com\/advancelocalUserAgreement\/privacy-policy.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Privacy Policy.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The Rite Aid name is for sale. Financial company Hilco Global has announced that the former drugstore\u2019s brand&hellip;\n","protected":false},"author":3,"featured_media":330670,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[210,1141,1142,67,132,68],"class_list":{"0":"post-330669","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-health-care","8":"tag-health","9":"tag-health-care","10":"tag-healthcare","11":"tag-united-states","12":"tag-unitedstates","13":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115432725048003163","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/330669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=330669"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/330669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/330670"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=330669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=330669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=330669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}