Toys ‘R’ Us Misses Vendor Payments
- The company’s suppliers have been given no explanation
- U.S. liquidation may be in the works, Bloomberg has reported
Toys 'R' Us Is Said to Prepare for Shutdown of U.S. Operations
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Toys “R” Us Inc. has missed payments to some suppliers in recent days as its U.S. division heads toward a likely liquidation, according to people with knowledge of the situation.
The payments stopped without explanation, said the people, who asked not to be identified because the matter is private. Some of the people said they can’t get anyone to respond to questions at the retailer, which filed for bankruptcy in September and faces a $5 billion debt load. Toymakers Mattel Inc. and Hasbro Inc. touched their daily lows on the news.