Second Rite Aid Bankruptcy Underscores Importance of Vendor Role
Bloomberg
Press Mention
5.14.25
Partner Ivan Gold was quoted in an article in Bloomberg about Rite Aid's recent bankruptcy filing. Since exiting bankruptcy in August 2024, Rite Aid was never able to "normalize" relationships with its vendors, and its inventory suffered. "You cannot expect that vendors after the first bankruptcy are going to forget what just happened. They're going to be understandably conservative, understandably bearish," Ivan said. The company has also spent a great deal on bankruptcy costs and administrative burdens. Read the full article here.
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