Subscribe to Canada Free Press for FREE

Chain was loaded with debt in buyout more than a decade ago

Toys ‘R’ Us Plans Bankruptcy Filing Amid Debt Struggle


By -- Bloomberg —— Bio and Archives--September 19, 2017

Comments | Print Friendly | Subscribe | Email Us

Toys “R” Us Inc., which has struggled to lift its fortunes since a buyout loaded the retailer with debt more than a decade ago, is preparing a bankruptcy filing as soon as today, according to people familiar with the situation.

The Chapter 11 reorganization of America’s largest toy chain would deal another blow to a brick-and-mortar industry that’s already reeling from store closures, sluggish mall traffic and the threat of Amazon.com Inc.—More…



News on the Net -- Bloomberg -- Bio and Archives | Comments

News from around the world

Commenting Policy

Please adhere to our commenting policy to avoid being banned. As a privately owned website, we reserve the right to remove any comment and ban any user at any time.

Comments that contain spam, advertising, vulgarity, threats of violence, racism, anti-Semitism, or personal or abusive attacks on other users may be removed and result in a ban.
-- Follow these instructions on registering: