Deals
Toys ‘R’ Us Plans Bankruptcy Filing Amid Debt Struggle
- Chain was loaded with debt in buyout more than a decade ago
- Looming Chapter 11 filing is rippling through toy industry
Toys 'R' Us May File for Chapter 11
This article is for subscribers only.
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.