Toys R Us Files For Bankruptcy Protection
One of the biggest names in brick-and-mortar retail has filed for bankruptcy protection. Toys R Us, which has some 1,600 Toys R Us and Babies R Us stores around the world, filed for Chapter 11 in a Virginia court late Monday over $5 billion in long-term debt. The company said the debt had prevented it from investing to compete in what it called “ . It also said all of its stores would operate “as usual.” However, that may not last. , The Wall Street Journal reported, and those that remain open may be reconfigured to include ...
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