Toys “R Us, the iconic toy chain, one of the last big box toy retailers, has filed for Chapter 11 Bankruptcy Protection in the USA and will begin to do so in the Canadian market as well. Their businesses outside of North America are not affected by this restructuring plan. They have made the filing in a bid to restructure the roughly $5 Billion in long term debt they have accumulated over the years. By filing for Chapter 11 protection, this will allow them to keep their approximately 1,600 Toys “R” Us and Babies “R” Us stores to operate as
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Toys “R” Us in USA and Canada Files For Bankruptcy Protection appeared first on
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