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Rite Aid Files For Bankruptcy Amid Drop In Sales, Opioid Lawsuits Rite Aid Files For Bankruptcy Amid Drop In Sales, Opioid Lawsuits
Rite Aid Files For Bankruptcy Amid Drop In Sales, Opioid Lawsuits One of the country’s largest pharmacy chains has just filed for bankruptcy. The move by Rite Aid comes amid declining sales and a rise in debt, which hit $3.3 billion, according to midyear filings.  The company said in an announcement on Sunday, Oct. 15 that in connection with the filing, it has received a commitment for $3.45 billion in new financing from some of its lenders.  "This financing is expected to provide sufficient liquidity to support the company throughout this process," Rite Aid said. Rite Aid is one of a number of drugstore chains facing litigation related to the…

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by Joe Lombardi
Business
Watertown Natives Launch Coconut-Flavored Whiskey To 'Escape The Ordinary' Watertown Natives Launch Coconut-Flavored Whiskey To 'Escape The Ordinary'
Watertown Natives Launch Coconut-Flavored Whiskey To 'Escape The Ordinary' Mikey Bortone has never wanted a 9-to-5 job. The Watertown native has been a reality TV star, actor, producer, and entrepreneur. But his latest venture, he hopes, will be his crowning achievement. And he’s reaching into his past and back to his hometown to make it happen. View this post on Instagram A post shared by Watertown Whiskey (@watertownwhiskey) Bortone created Watertown Whiskey, a coconut-flavored spirit released this summer and named for his hometown. It’s the culmination of four years of taste tests, countless setbacks, and a lot o…

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by Josh Lanier
Business
Tewksbury Eatery Named As Mass's Best Hole-in-the-Wall Breakfast Place By New Report Tewksbury Eatery Named As Mass's Best Hole-in-the-Wall Breakfast Place By New Report
Tewksbury Eatery Named As Mass's Best Hole-in-the-Wall Breakfast Place By New Report A Middlesex County restaurant that serves up some very loaded waffles has been named the best "Hole-in-the-Wall" breakfast place in Massachusetts by a new report.  Vic's Waffle House, located in Tewksbury at 283 Old Main St. (Route 38), was recognized as Massachusett's best hidden gem for breakfast by Cheapism's "Best Hole-in-the-Wall Breakfast Place in Every State."  According to the report, the eatery serves up waffles that are "anything but ordinary." Choices offered on the restaurant's menu include waffles loaded with fresh fruit such as peaches and apples; a bacon-stuffed waffle toppe…

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by Ben Crnic
Business
Massive Recall Issued For Brand Of Candy Linked To Death Of Girl In Northeast Massive Recall Issued For Brand Of Candy Linked To Death Of Girl In Northeast
Massive Recall Issued For Brand Of Candy Linked To Death Of Girl In Northeast A massive recall has been issued for a brand of candy linked to the death of a girl. About 145,800 Cocco Candy Rolling Candy in various flavors are subject to the recall, the US Consumer Product Safety Commission (CPSC) said, noting the candy’s rolling ball can dislodge and become trapped in a child’s throat, posing a fatal choking risk. CPSC said it has received one report of a 7-year-old girl who choked and died after the candy’s rolling ball dislodged and became trapped in her throat in New York in April 2023. The girl's precise place of residence in New York has not been released. Cons…

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by Joe Lombardi
Business
Recall Issued For Multivitamin Brand Because Of Improper Packaging Recall Issued For Multivitamin Brand Because Of Improper Packaging
Recall Issued For Multivitamin Brand Because Of Improper Packaging A recall has been issued for a popular brand of multivitamins. Nutraceutical Corporation announced the recall for 85,300 units of its Solaray Liposomal Multivitamins because the packaging is not child-resistant, posing a risk of poisoning if the contents are swallowed by young children. The recalled supplements contain iron, which must be in child-resistant packaging, as required by the Poison Prevention Packaging Act (PPPA), the Consumer Product Safety Commission (CPSC) said.  This recall involves: Solaray Universal Multivitamin in 60 and 120 counts, Solaray Liposomal Women's …

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by Joe Lombardi
Business
Marlborough-Based BJ's To Pay $9M For Not Reporting AC Defect Linked To Death, Feds Say Marlborough-Based BJ's To Pay $9M For Not Reporting AC Defect Linked To Death, Feds Say
Marlborough-Based BJ's To Pay $9M For Not Reporting AC Defect Linked To Death, Feds Say BJ's Wholesale Club has agreed to pay $9 million in penalties for failing to immediately report a known defect with an air conditioner it sold linked to the death of a mother after a house fire. The move by the Massachusetts-based company, located in Marlborough in Middlesex County, resolves its charges by the US. Consumer Product Safety Commission (CPSC). The CPSC said BJ’s knowingly failed to immediately report to it, as required by law, that portable air conditioners manufactured by Royal Sovereign International, Inc. and sold by BJ’s, contained a defect that could create a substantial p…

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by Joe Lombardi
Business
Rite Aid Plans To Close 400-Plus Stores, Report Says Rite Aid Plans To Close 400-Plus Stores, Report Says
Rite Aid Plans To Close 400-Plus Stores, Report Says Rite Aid will close 400 to 500 stores as part of a Chapter 11 bankruptcy reorganization, according to a new report. The drugstore chain is now negotiating with creditors to formulate a bankruptcy plan that would include liquidating a substantial portion of its more than 2,100 drugstores, The Wall Street Journal says. Rite Aid is facing over $3 billion in debt and more than a thousand federal lawsuits alleging it oversupplied opioids, the report said. Founded 61 years ago in Scranton, Pennsylvania, Rite Aid moved its headquarters to Philadelphia in 2022. Click here to read the complet…

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by Joe Lombardi
Business
New Ice Cream Recall Issued Due To Listeria Fears New Ice Cream Recall Issued Due To Listeria Fears
New Ice Cream Recall Issued Due To Listeria Fears A new ice cream recall has been issued because of Listeria concerns. The Life Raft Treats products were shipped by GoldBelly.com to 40 states, including New York, New Jersey, Connecticut, Massachusetts, Pennsylvania, Maryland, and Virginia. The recall covered these products: "Not Fried Chicken" - 64-ounce bucket (No UPC) and 2.5 oz. bar (UPC 8 60006 18210 6) "Life is Peachy"- 6-count box (No UPC) To view product packaging photos from the Food and Drug Administration (FDA), click here and scroll down. The company was notified last week by the South Carolina Department of Health and …

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by Joe Lombardi
Business
Somerville Grocery Store To Close As Sales Dwindle Somerville Grocery Store To Close As Sales Dwindle
Somerville Grocery Store To Close As Sales Dwindle BFresh Market, a popular small chain of grocery stores in Somerville, said it would shutter one of its locations.  The chain posted on its website that the 244 Elm Street location would close on Oct. 12 at 6 p.m.  Stop & Shop has made the difficult decision to close our bfresh store located at 244 Elm Street in Somerville. The store will close on October 12th at 6:00pm.Our Stop & Shop stores on 779 McGrath Highway and 105 Alewife Brook Parkway in Somerville will continue to welcome local customers, or customers can shop online for home delivery at stopandshop.com. MassLive…

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by Josh Lanier
Business
Multi-Cultural Boston Eatery Named Among 50 Best In America By NY Times Report Multi-Cultural Boston Eatery Named Among 50 Best In America By NY Times Report
Multi-Cultural Boston Eatery Named Among 50 Best In America By NY Times Report Those searching for their next favorite dining experience should plan on visiting a Massachusetts eatery that has been named one of the best restaurants in the country by a New York Times report.  Comfort Kitchen, located in the Dorchester neighborhood of Boston at 611 Columbia Rd., has earned a spot on the New York Times's 2023 Restaurant List, which names the 50 places that the outlet considers the best in America.  The outlet's list was compiled by sending a dozen reporters, editors, and critics to hundreds of eateries throughout the country in order to find their favorites, according t…

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by Ben Crnic
Business
Cakes Sold Nationally At Walmart Recalled Due To Possible Peanut Presence: FDA Cakes Sold Nationally At Walmart Recalled Due To Possible Peanut Presence: FDA
Cakes Sold Nationally At Walmart Recalled Due To Possible Peanut Presence: FDA Check the fridge. The Food and Drug Administration (FDA) announced that it is recalling a specific cake that was sold at Walmart stores across the country due to a mislabeling issue. David's Cookies issued an alert regarding its "Marketside Chocolate Chip Explosion Cake" with the lot code (see above photo) of #BS23212 which may in fact be "Marketside Ultimate Peanut Butter Chocolate Cake."  According to the FDA, the recalled cakes were mislabeled and does not depict peanuts as a key ingredient in the item, and also lacks a peanut allergen warning. The recalled items are in a 7-ounce,…

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by Zak Failla
Business
Recall Issued For Kraft American Cheese Singles Due To Choking Hazard Recall Issued For Kraft American Cheese Singles Due To Choking Hazard
Recall Issued For Kraft American Cheese Singles Due To Choking Hazard A recall has been issued for Kraft Singles American cheese because of a choking hazard. Parent company Kraft Heinz said the voluntary recall involves around 83,800 cases of the individually wrapped slices. "The voluntary recall comes as a precaution after a temporary issue developed on one of our wrapping machines, making it possible that a thin strip of the individual film may remain on the slice after the wrapper has been removed," the company said in a statement. "If the film sticks to the slice and is not removed, it could be unpleasant and potentially cause a gagging or choking ha…

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by Joe Lombardi