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Rite Aid files for bankruptcy amid slowing sales, opioid litigation

Collection Industry News

Rite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and said it would begin restructuring to significantly reduce its debt. The company said it reached a deal with creditors on a restructuring plan that includes evaluating its retail footprint and closing underperforming locations.

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Analysis: Money market woes cast shadow over $1.6 trln UK commercial property sector

Collection Industry News

LONDON, Oct 21 (Reuters) – Owners of Britain’s largest malls, skyscrapers and industrial hubs face hikes in borrowing costs and a recession that could depress prices by up to a fifth, forcing lenders and investors to reassess their appetite for commercial property. respectively. HSBC (HSBA.L) But the government’s Sept.

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