Overview

• Rite Aid filed for Chapter 11 protection in early May, triggering the automatic shutdown of more than 500 hand-scooped Thrifty Ice Cream counters inside its pharmacies.
• Thrifty Ice Cream continues to be sold through stand-alone shops and grocery-store freezer cases despite the in-store counter closures.
• Rite Aid acquired the Los Angeles–based brand in 1996 and cut $2 billion in debt during a previous bankruptcy restructuring in October 2023.
• Court documents require potential buyers to submit indications of interest for assets, including Thrifty Ice Cream, by Friday, May 31.
• Sale hearings are scheduled for late June to approve bids on Thrifty Ice Cream and other Rite Aid assets and finalize their disposition.