Toys R Us could file for bankruptcy as soon as this week, sources say

CNBC/Lauren Hirsch/09-18-17

Toys R Us could file for bankruptcy as soon as this week, according to sources familiar with the matter.

The sources noted that the bankruptcy plans are not definite, and both its plans to file and its timing could change.

…Addressing the retailer’s debt load prior to the crucial holiday season could give its major vendors such as Mattel and Hasbro clarity into the company’s long-term viability to help ensure the toymakers continue to stock its shelves throughout the holiday.

PG View: If you missed our special report on the death of brick-and-mortar retail and the broader implications, you can view it HERE.

Share
This entry was posted in Debt, Markets. Bookmark the permalink.

Comments are closed.