financetom
Business
financetom
/
Business
/
Walgreens, Authentic Brands, Kourtney Kardashian among those evaluating Rite Aid assets, sources say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Walgreens, Authentic Brands, Kourtney Kardashian among those evaluating Rite Aid assets, sources say
Jun 10, 2025 10:45 AM

NEW YORK (Reuters) -Pharmacy chain Walgreens and reality star turned entrepreneur Kourtney Kardashian are among those picking over the remaining assets in Rite Aid's bankruptcy, according to two people familiar with the matter.

In addition to Walgreens, brand management companies Authentic Brands Group, WHP Global and Marquee Brands have been evaluating Rite Aid's intellectual property and potentially its loyalty program, according to the people who asked not to be named because the process is private. 

All three brand management companies have bought the IP of other retailers out of bankruptcy.

Authentic Brands, which owns Reebok and is a Saks Fifth Avenue investor, bought the IP of fast-fashion chain Forever 21 and luxury seller Barneys out of bankruptcy. WHP Global resurrected Toys "R" Us following its 2017 bankruptcy, while Marquee acquired fashion retailer BCBG Max Azria Group out of bankruptcy.

Kardashian, co-founder of gummy vitamin maker Lemme and owner of wellness and lifestyle website Poosh, has expressed interest in Rite Aid's ice cream brand Thrifty, the people said. 

Rite Aid, which operates about 1,200 stores and has around 8 million customers, filed for bankruptcy in May for the second time in two years. 

U.S. Bankruptcy Judge Michael Kaplan already approved store closures and a sale of customer prescription files to 13 buyers including CVS Health and Walgreens.

Brand management firms like Authentic, Marquee and WHP typically buy a brand's IP and then license it to operating partners which have the manufacturing, design and sales responsibilities. 

The pharmacy chain's Thrifty ice cream brand is sold by the scoop at counters in certain Rite Aid locations or by the carton at Rite Aid and other retailers nationwide. Thrifty launched in 1940 at a small factory in West Hollywood and counts several celebrities as customers, including Kardashian, who could buy the brand by herself or with a partner, the people said. 

Some consumer-focused private equity firms are also eyeing Thrifty, the sources said.

Rite Aid, Walgreens, Authentic Brands, and WHP declined to comment. Marquee Brands and representatives for Kardashian did not respond to requests for comment.

The current bid deadline for the remaining assets is June 18 at 5 p.m. ET (2100 GMT). 

Pennsylvania-based Rite Aid has struggled under a high debt load, inflationary pressures and increased competition.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Container ship owners swamped as US-China trade detente revives demand
Container ship owners swamped as US-China trade detente revives demand
May 26, 2025
* Hapag-Lloyd ( HLAGF ) says demand so high, it can only serve shippers on long-term contracts * Vizion says container bookings from China-US spike 277% * Ship owners race to restart voyages canceled during China shipping downturn * Off-contract spot rates move higher By Lisa Baertlein, Farah Master and Casey Hall LOS ANGELES/HONG KONG, May 16 (Reuters) - Container...
Container ship owners swamped as US-China trade detente revives demand
Container ship owners swamped as US-China trade detente revives demand
May 26, 2025
LOS ANGELES/HONG KONG (Reuters) - Container ship bookings for China-to-U.S. cargo have surged since the countries declared a 90-day truce on punitive tit-for-tat tariffs last weekend, operators said, spawning traffic jams at Chinese ports and factories that could take weeks to clear. U.S. importers of sneakers and sofas to construction supplies and auto parts are racing to get goods in...
Nissan considering plant closures in Japan, overseas, sources say
Nissan considering plant closures in Japan, overseas, sources say
May 26, 2025
By Maki Shiraki and Daniel Leussink TOKYO (Reuters) -Nissan ( NSANF ) is considering plans to shut two car assembly plants in Japan and overseas factories, including in Mexico, sources said on Saturday, as part of a cost-cutting plan the company flagged earlier this week. The automaker is mulling closing Japan's Oppama plant, where Nissan ( NSANF ) started production...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved