Based on how a number of retailers have been destroyed by private equity(Toys-R-Us,Mervyns,etc.),I think that any hedge firm that would acquire RAD will more than likely kill the company completely.Additionally,though not entirely out of the question,I find it improbable that Albertsafeway/ABS/ACI will try to acquire RAD again given that Bob Miller(a one time RAD-CEO who was brought in along with Mary Sammons by Leonard Green to clean up the mess Martin Grass left behind)retired as CEO a couple years back.More realistically than anything,it would be more likely that WBA could make another attempt to acquire RAD whole given that executive president John Standley was the previous RAD CEO(and far from blameless for the reason RAD is in the situation it is in now),though it is preferrable that RAD steers clear of BK or merger.reymann wrote: ↑August 2nd, 2022, 7:07 am Problem is that the drug store industry is shifting away from brick & mortar at this point. I feel like rite aid will eventually get bought by private equity or possibly consolidate with albertsons and close any rite aid that is near an albertsons or safeway store and maybe use the rite aid and thrifty properties for their stores.
While the closures appear to have largely stopped,I have noticed that as late as this past May the lone Santa Clara store along El Camino Real(former Thrifty in a very old center)still had old exterior signage per Google Street View though it has been remodeled into the second version of the Wellness decor.San Leandro(either a former Thrifty or Payless,don't know which though)still had old signs as last month per a user supplied image.San Mateo Concar also still had old signage as of March though its murky future(the Concar Passage mixed use project has long been proposed for the property which the shopping center sits on)may play into this.Closer to home,900 Sunrise also had old signs as late as April.Then again,having a combination of new logo signs and either version of the Wellness remodel hasn't necessarily saved stores from closure(Los Gatos,5712 Folsom,and some of the SoCal closures being examples).