US Edition
Thrifty Ice Cream Buyer Found as Rite Aid Closings Pass 1,000 Stores
- Rite Aid announced the closure of over 1,000 stores, including 123 additional locations on June 27, amid its second bankruptcy filing in 2025.
- The closures and bankruptcy stem from long-term financial challenges and a changing retail and healthcare environment impacting Rite Aid's operations.
- Rite Aid sold the Thrifty Ice Cream brand, known for its West Coast popularity since 1940, to Hilrod Holdings for $19.2 million, court documents show.
- CEO Matt Schroeder attributed the restructuring to “financial challenges” worsened by a “rapidly evolving retail and healthcare landscapes,” while over 45 percent of U.S. counties face pharmacy deserts.
- The ongoing closures and sales suggest Rite Aid plans to wind down most store operations, limiting medication access and signaling broader retail consolidation in 2025.
30 Articles
30 Articles
Bankrupt Rite Aid's closures reach 1,000 as experts warn of 'pharmacy deserts'
RITE Aid is continuing its nationwide closures as it winds down operations, with over 1,000 pharmacy spots officially on the chopping block as of this week. Following the retailer’s second Chapter 11 bankruptcy filing in two years amid a backdrop of industry wide struggles, experts are warning shoppers of so-called “pharmacy deserts.” GettyRite Aid is continuing with its mass shutdowns, with over 1,000 stores set to close[/caption] Rite Aid, onc…
Popular ice cream brand sold as nationwide chain closes hundreds of stores
Rite Aid's bankruptcy proceedings have led to hundreds of store closures, and now the sale of a well-known ice cream brand that has been a West Coast favorite since the 1970s. Hilrod Holdings was named the winner in a bid to acquire Thrifty Ice Cream from the nationwide pharmacy chain. The holding company, tied to Monster Beverage Corporation executives Hilton Schlosberg and Rodney Sacks, will pay $19.2 million for the brand, USA Today reported.…
Krem2 News
Popular ice cream brand sold as nationwide chain closes hundreds of locations
Hilrod Holdings was named the successful bidder to acquire the ice cream brand from Rite Aid, according to recently filed bankruptcy court documents.
Des Moines Register
Thrifty Ice Cream buyer found as Rite Aid closings pass 1,000 stores
A holding company tied to Monster Drink executives bought Thrifty Ice Cream as the Rite Aid bankruptcy continues.
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