Pink Sheet is part of Pharma Intelligence UK Limited

This site is operated by Pharma Intelligence UK Limited, a company registered in England and Wales with company number 13787459 whose registered office is 5 Howick Place, London SW1P 1WG. The Pharma Intelligence group is owned by Caerus Topco S.à r.l. and all copyright resides with the group.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction

Phar-Mor

Executive Summary

Chapter 11 deep discount drug chain gains bankruptcy court approval on Oct. 1 to close up to 63 of its 309 stores. The firm already has decided to close 36 unprofitable stores and will announce decisions on another 27 shortly, with a key factor being whether new individual lease agreements can be negotiated. The remaining 246 stores are either profitable or "can be turned around to become profitable," chain states. Phar-Mor filed for Chapter 11 bankruptcy on Aug. 17 ("The Pink Sheet" Aug. 24, p. 11).

Latest Headlines
See All
UsernamePublicRestriction

Register

PS021581

Ask The Analyst

Ask the Analyst is free for subscribers.  Submit your question and one of our analysts will be in touch.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel