Fred’s

Retail
Fred’s Files Chapter 11, To Liquidate All Remaining Stores

The turnaround efforts at Fred’s have come to an end, as the retailer has filed for voluntary relief under chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware and will liquidate all remaining stores.

Retail
Fred’s Closing More Stores

SB360 Capital Partners, an asset disposition firm, said it has been retained by Fred’s as the exclusive consultant to conduct store closing sales in 104 additional stores for the retailer.

Retail
Walgreens, Rite Aid Scrap Merger Plans

Walgreens and Rite Aid have terminated their merger agreement. The decision to terminate the merger agreement follows feedback on the merger’s prospects received from the Federal Trade Commission, Rite Aid said. Rite Aid added that the potential FTC objection led the company to believe that the parties would not have obtained the commission’s clearance to complete the merger.

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