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Rite Aid Is Selling These Pennsylvania Leases After Filing For Bankruptcy Rite Aid Is Selling These Pennsylvania Leases After Filing For Bankruptcy
Rite Aid Is Selling These Pennsylvania Leases After Filing For Bankruptcy Of the 39 Rite Aid stores closing in Pennsylvania amid filing for bankruptcy, nearly two dozen of the leases are being sold. A&G Real Estate Partners is acting as the real estate advisor for the pharmacy chain, which filed for bankruptcy on Oct. 15, and has plans to close 154 underperforming stores nationwide. The deadline for the following leases for in Pennsylvania is Monday, Nov. 20: 2722 West 9th St., Chester 5900 University Boulevard, Corapolis 1709 Liberty Ave., Erie 353 East 6th St., Erie 6090 Route 30, Greensburg 301 Eisenhower Dr., Hanover 1130 Cumberland St., Lebanon 1730 Wi…

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by Cecilia Levine
Business
Rite Aid To Close 39 Pennsylvania Stores After Filing For Bankruptcy Rite Aid To Close 39 Pennsylvania Stores After Filing For Bankruptcy
Rite Aid To Close 39 Pennsylvania Stores After Filing For Bankruptcy Rite Aid, the pharmacy giant that filed for bankruptcy on Sunday, Oct. 15, plans to close 154 underperforming stores nationwide, according to a new filing.  Thirty-nine of the stores closing are located in Pennsylvania.  They are: 1441 Old York Road in Abington 1628 South Fourth Street in Allentown 169 West Lancaster Avenue in Ardmore 5235 Library Road in Bethel Park 2178 West Union Boulevard in Bethlehem 2722 West 9th Street in Chester 200 West Ridge Avenue Suite 112 in Conshohocken 2715 Parade Street in Erie 1709 Liberty Street in Erie 4830 William Penn Highway in Export 6090 …

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by Cecilia Levine
Business
PA's David's Bridal Laying Off 9,200 Employees Amid Bankruptcy Filing PA's David's Bridal Laying Off 9,200 Employees Amid Bankruptcy Filing
PA's David's Bridal Laying Off 9,200 Employees Amid Bankruptcy Filing Montgomery County's own David's Bridal will send more than 9,000 workers home in an upcoming round of layoffs, according to a disclosure form it filed with the state Department of Labor and Industry.  The Conshohocken-based wedding retailer expects to lay off 9,236 employees nationwide in a three-phase plan that began on Friday, April 14, according to the state website.  It's not clear how many of those workers are in Pennsylvania, though the layoffs are expected to affect locations in Blair, Dauphin, Delaware, Erie, Luzerne, and York counties, as well as four shops in Allegheny C…

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by Mac Bullock
News
Feds Charge Exiled Chinese Tycoon With $1B Fraud That Funded $26.5M NJ Mansion Buy, More Feds Charge Exiled Chinese Tycoon With $1B Fraud That Funded $26.5M NJ Mansion Buy, More
Feds Charge Exiled Chinese Tycoon With $1B Fraud That Funded $26.5M NJ Mansion Buy, More Exiled Chinese tycoon Miles Guo was arrested by the FBI Wednesday on charges of swindling his online followers out of more than $1 billion that the government said he used, in part, to buy a 58-room mansion in Mahwah. Some of the agents were still at Guo’s 15-room penthouse in the Sherry-Netherland Hotel on Manhattan’s Upper East Side the afternoon of March 15, six hours after he’d been arrested there, when a mysterious fire broke out on the 18th floor, responders said. No injuries were reported, but authorities said the blaze significantly damaged Guo’s unit. No one drew any immediate conn…

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by Jerry DeMarco
Business
Bed Bath & Beyond Closures Include Four Pennsylvania Locations Bed Bath & Beyond Closures Include Four Pennsylvania Locations
Bed Bath & Beyond Closures Include Four Pennsylvania Locations Four Bed Bath & Beyond stores across Pennsylvania are among 87 locations scheduled to close in 2023, the struggling retailer announced. That brings the total number of Bed Bath & Beyond locations scheduled to close to at least 162 announced since September 2022. A spokesperson told Axios that the latest round of closures will include all of the company's Harmon beauty shops, as well as five Buy Buy Baby locations. The following locations in Pennsylvania are set to close in 2023: Bethel Park, 1700 Oxford Drive North Wales, 1261 Knapp Road Pittsburgh, 160 Quinn Drive  Mon…

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by Cecilia Levine
Business
Regal Cinemas Shutters Pennsylvania Theater Regal Cinemas Shutters Pennsylvania Theater
Regal Cinemas Shutters Pennsylvania Theater Regal Cinemas has closed a Bucks County location. The Regal Richland Crossing movie theater off Route 309 in Quakertown shuttered on Thursday, Sept. 15, the company announced on its website. Regal's parent company Cineworld Group LLC filed for Chapter 11 bankruptcy earlier this month.  "The pandemic was an incredibly difficult time for our business, with the enforced closure of cinemas and huge disruption to film schedules that has led us to this point,” Cineworld CEO Mooky Greidinger said. The following 18 Regal locations remain open in Pennsylvania: Conshohocken, Regal Plymouth M…

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by Cecilia Levine
News
Harrisburg Diocese Agrees To Create $7.5 Million Trust For Sex Abuse Survivors Harrisburg Diocese Agrees To Create $7.5 Million Trust For Sex Abuse Survivors
Harrisburg Diocese Agrees To Create $7.5 Million Trust For Sex Abuse Survivors A settlement has been reached and the Diocese of Harrisburg has agreed to set up a trust for the survivors of sexual abuse at the hands of its clergy.  The agreed $7.5 million trust would allow the Diocese to come out of bankruptcy protection— the dioceses had filed for bankruptcy in 2020, and more than 50 people have filed claims that they were abused by priests since that time.  "The steps we take today continue our commitment and responsibility to support survivors of clergy abuse, and to make restitution for the suffering they have endured," Bishop Ronald Gainer said in a news…

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by Jillian Pikora
News
NJ, NY, PA Among States Sharing Historic $4.3B Purdue Pharma Settlement NJ, NY, PA Among States Sharing Historic $4.3B Purdue Pharma Settlement
NJ, NY, PA Among States Sharing Historic $4.3B Purdue Pharma Settlement Oxycontin-maker Purdue Pharma has reached an historic $4.3 billion settlement with New Jersey, New York, Pennsylvania and a dozen other states that one attorney general said involved the “most that individuals have ever paid for breaking the law.” New Jersey expects to receive more than $110 million from the deal, state Attorney General Gurbir S. Grewal said Thursday. As part of the settlement, the Sackler family must surrender ownership of the bankrupt drug company. They also must release more than 30 million family and Purdue Pharma documents that outline their roles in an opioid epidemi…

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by Jerry DeMarco