by Mike Duff | Jan 5, 2026 | Retail Articles
Amid rumors of a potential bankruptcy filing and following a missed interest payment on bonds, Saks Global announced that Richard Baker, executive chairman, has assumed the role of CEO, overseeing the company’s luxury retail operations. Baker will remain...
by Mike Duff | Oct 22, 2025 | Retail Articles
Hilco Global is serving as the agent to market and sell the Rite Aid brand and related assets, with bids for the intellectual property due October 31. The sale is subject to approval of the United States Bankruptcy Court for the District of New Jersey, where Rite Aid...
by Mike Duff | May 20, 2025 | Retail Articles
CVS Pharmacy has agreed to acquire and operate 64 Rite Aid stores in Idaho, Oregon and Washington. As Rite Aid’s Chapter 11 bankruptcy proceedings continue, the CVS Health division said it also had acquired the prescription files of 625 Rite Aid pharmacies across 15...
by Mike Duff | May 6, 2025 | Retail Articles
In a second stint in bankruptcy within a year, Rite Aid Corp. has announced that it is seeking Chapter 11 protection and will attempt to arrange a strategic sale of substantially all of its assets to maximize its remaining value for stakeholders. The company filed its...
by Mike Duff | Mar 21, 2025 | Retail Articles
Satish Malhotra has left his post as CEO of The Container Store, which has created an Office of the Chief Executive to run the company with Joel Bines, the company’s board chairman, becoming executive chairman. The move was reported by The Dallas Morning News based on...
