Amidst worries of bankruptcy, fans lamented the possible demise of a popular ice cream chain.
This chain may have been saved now.
The Men’s Journal reported in May that as Rite Aids locations started to close, the future of Thrifty Ice Cream, which many may remember as the affordable creamery destination, was in doubt.
Rite Aid’s major shutdown also resulted in the closing of hundreds of Thrifty Ice Cream locations, according to TheStreet. Thankfully, it seems that this is no longer the case.
Quick Company Reportreveal that Rite Aid has selected a successful bidder for its Thrifty Payless subsidiary, which contains the ice cream as part of its brand, in a bankruptcy court petition filed on Thursday.
Hilrod Holdings, a limited partnership with connections to Hilton Schlosberg and Rodney Sacks, senior executives at energy drink giant Monster Beverage, is the buyer, according to the website.
According to Law 360, this organization is purchasing Thrifty Ice Cream for an impressive $19.2 million. Fast Company also states that a hearing on the case is scheduled for today, but it is unclear exactly what Hilrod intends to do with Thrifty Ice Cream.
As of the report’s publication, more details on this story are still pending.
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