Rituals to close all locations across the country
A spokesman close to the company confirmed that Rite Aid is once again in Chapter 11 bankruptcy.
News 12
Rite Aid spotted a Thrifty Ice Cream buyer in the middle of a pharmacy chain’s bankruptcy proceedings.
Hilrod Holdings was appointed a successful bidder for ice cream makers and KPH Healthcare Services in court documents filed June 26th. The transaction was approved by a federal bankruptcy judge in New Jersey on July 1, according to court documents.
The holding company, linked to Monster Beverage Corporation executives Hilton Schlosberg and Rodney Sacks, will pay $19.2 million for the assets purchased, according to court documents. According to SEC filings, Sacks resigned as CO-CEO in June before resigning from the company, but Schlosberg continued as CEO.
Monster Beverage Corporation did not immediately respond to a request for comment on USA Today on July 1st.
Fans of the ice cream brand were worried about its fate following the closure of ceremonial aid sites around the country.
According to the pharmacy website, some locations still offer ice cream scoops about rif.
As of May 30th, the Thrifty website no longer lists certain locations, so it is unknown how many are still open.
What is rif about ice cream?
According to its website, RIF about ice cream started when RIF about drug store owners Harry, Robert Born and Norman Levin began producing ice cream for sale at the chain’s soda fountain.
According to Thrifty, ice cream had reached “cult status” on the West Coast by the 1970s, with “critical celebrity screams.”
For years, drugstore patrons were able to get a signature cylindrical scoop while receiving their prescriptions. Eventually, the company began producing ice cream cartons. Ice cream is still available for sale at retailers such as Rite Aid and Albertsons, according to its website.
Rite Aid location will be closed
Rite Aid has announced the closure of more than 1,000 stores since its bankruptcy announcement in May.
The latest list of closed stores, published in Bankruptcy Court on June 27, set 123 locations in eight states on the road to closing. An earlier list of closed stores filed with Bankruptcy Docket on June 20th spelled out the end of 118 locations in 11 states.
The pharmacy operated 1,240 stores in 15 states when the bankruptcy was announced.
