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News in-depthRetail & Consumer industry
Worker unrest adds to US drugstore woes as Covid vaccine sales dwindle
...“We can probably lose Rite Aid and Walgreens or CVS and still be OK,” he said. Additional reporting by Taylor Nicole Rogers...
November 12, 2023
Corporate bonds
Investors warn of ‘complacency’ over junk bond risks
...The biggest bankruptcies of last year included retailer Rite Aid, helicopter ambulance group Air Methods and co-working company WeWork....
January 11, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Due Diligence
Is private equity’s $3tn problem starting to ease? Premium content
...Bankruptcy fee bonanza Rite Aid advisers raked in millions through bankruptcy. Opioid victims are braced for nothing, Bloomberg writes....
March 12, 2024
Film
Documentarist Frederick Wiseman — 44 films in and still on the clock
...(No such problems with Menus-Plaisirs: Wiseman says he mentioned the idea to the head chef, Michel Troisgros, on a whim, and had an informal OK within the hour.)...
November 25, 2023
The Big Read
Downfall of the judge who dominated US bankruptcy
...Kirkland & Ellis recently chose the New Jersey district for big bankruptcy cases such as Bed Bath & Beyond, Rite-Aid and WeWork, suggesting that in bankruptcy terms, the northeastern state could yet become...
November 21, 2023
ReviewFiction
Heart Sutra by Yan Lianke — gods and monsters
...What happens, it seems to ask, when religious belief is perverted by political influence, when faith remains, but the gods no longer remember us?...
April 6, 2023
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
LexPan Kwan Yuk
The Lex Newsletter: shoplifting, shrinkage and a $95bn problem for US retailers Premium content
...At Rite Aid, shrinkage for the third quarter was $9mn worse than the previous year....
January 18, 2023
LexMergers & Acquisitions
CVS/Signify: victory in Amazon shootout comes at a cost Premium content
...Walgreens and Rite Aid are down 56 per cent and 86 per cent respectively. CVS did not quantify the potential cost cuts....
September 6, 2022
Kroger Co
Biggest US grocery chain Kroger in talks to buy rival Albertsons
...Albertsons then attempted to merge with Rite Aid a year later but was also forced to call off the transaction after it failed to win support from the pharmacy chain’s shareholders....
October 13, 2022
FT Financial Literacy and Inclusion Campaign28 min
Why the UK has a problem with maths | FT Film
...No, I do....
September 19, 2023
The Week Ahead
The seven days before Christmas
...Last week Centrica warned that the deal risks breaching EU state aid rules. That could mean the European Commission getting involved....
December 18, 2022
InterviewFiction
Mariana Enríquez: ‘Reality is starting to resemble horror more and more’
...It comes as no surprise that Mariana Enríquez pops up on our Zoom call clad in black....
October 6, 2022
Due Diligence
Mega-merger in aisle 1 Premium content
...A year later, its attempt to merge with Rite Aid failed to win over the pharmacy chain’s shareholders. This time round Albertsons, backed by private equity group Cerberus Capital, is the target....
October 14, 2022
Bed Bath & Beyond Inc
How a 20-year-old student made $110mn riding the meme stock wave
...In June, Freeman bought debts in the pharmacy chain Rite Aid, but the opportunity evaporated when the company announced a tender offer that sent its bonds and stock soaring....
August 22, 2022
Philip Stephens
The US will not find security behind its borders
...The manner of the retreat from Kabul has read the last rites. The US is pulling back behind its borders. Afghanistan is again a Taliban state....
September 2, 2021
FT Live
Innovative Lawyers Awards Asia-Pacific
Celebrating innovations from both law firms and in-house teams in the region
Thursday, 16 MayHong Kong
Letter
Letter: Only a rapid vaccination rollout will end India’s Covid disaster
...The bitter part of the situation is that the leaders of many of these states still proclaim that there is no shortage of beds or oxygen....
May 11, 2021
#techFT
Airbnb has rooms to grow
...Amazon Pharmacy launch, Pinduoduo raisingWalgreens Boots Alliance and CVS Health shares fell more than 9 per cent and Rite Aid was down more than 16 per cent soon after Amazon announced a disruptive online...
November 17, 2020
LexWalgreens Boots Alliance Inc
Walgreens/Stefano Pessina: hanging his Boots up Premium content
...Following the Alliance Boots deal, it went on to snap up a portfolio of Rite Aid stores and distribution centres for $4.4bn....
July 27, 2020
Disrupted Times
Glimmers of hope amid manufacturing’s gloom Premium content
...Our reporters talk to six businesses finding an upside in the crisis, from producers of home-schooling aids to makers of instant noodles....
June 1, 2020
News in-depthThe Big Read
Grief, lockdown and coronavirus: a looming mental health crisis
...“I’m hopeful as with the case for Aids that grief will inspire a push that demands that public health is no longer ignored in the way that it is,” he says....
May 31, 2020
LombardKate Burgess
Diageo’s coronavirus disclosure creates as much doubt as clarity
...Investors dig Unite Leaky roofs and peeling walls in student digs used to be a point of pride, not just a rite of passage. No more....
February 26, 2020
Zimbabwe
Robert Mugabe’s funeral reminds Zimbabweans of his poisonous legacy
...She was too busy trying to survive Zimbabwe’s economic collapse, she said: “No electricity, no transport, no water, no fuel, no money.”...
September 13, 2019
Corporate governance
Shareholders press US boards to split chief executive and chairman roles
...The last time a resolution passed for an independent chair at an S&P 500 company was in 2018, when 58 per cent of investors backed the motion at Rite Aid Corp....
August 31, 2019
Managing yourself
Can lawyers learn to go home and get more sleep?
...Aside from talks, some law firms have launched initiatives ranging from mindfulness apps and mental health first aid training to on-site therapists....
September 12, 2019
Letter
Democrats’ drugs price plan will boost retailers
...According to Consumer Reports, a one-month supply of a commonly used generic medicine can be purchased at Rite Aid for $121....
February 27, 2019

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