An Arkansas-based regional pharmacy chain is partnering with a wealth management fund to buy 10 Fred’s pharmacy locations in five Southeastern states Express Rx, headquartered in Little Rock, and MHR Fund Management are joining together to acquire pharmacies in Alabama,…
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Fred’s
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Fred’s Filing Bankruptcy, Closing All Retail Locations After Rough Year
by Tyler Haleby Tyler Haleby Tyler Hale Fred’s is filing for bankruptcy and starting the process of closing down all of its retail locations. The Memphis-headquartered retail and pharmacy chain has filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court in Delaware today. The…
Fred’s is closing more than one hundred locations in an effort to pay off outstanding debt. The Memphis-based discount retailer is shuttering 129 locations, including 16 in Arkansas. During the closures, Fred’s will be having extensive closeout sales, according to…