New Delhi, May 29 -- A popular ice cream brand based in the United States is closing 500 of its stores nationwide, thanks to a move that resulted in collateral damage.

Pharmacy company Rite Aid is filing for a Chapter 11 bankruptcy, resulting in the closure of 500 hand-scooped ice cream counters of Thrifty Ice Cream. The Rite Aid-owned company will thus bear the brunt of its parent going out of business, as per a report by The Street.

When companies like Rite Aid file for bankruptcy, they are forced to close down other brands they own, even if they become successful on their own.

Rite Aid currently has 500 pharmacies inside which there are counters of Thrifty Ice Cream.

Thrifty gained popularity through the unique scoop it provides. I...