The Traderszone Network

Published in TZ Latest News 19 September, 2017 by The TZ Newswire Staff

Another One Bites The Dust: Toys ‘R’ Us Files For Bankruptcy

The retail death spiral drags on, and this week we have a new victim: Toys “R” Us.

The eponymous toy store has filed for Chapter 11 bankruptcy protection as of Sept. 18 and hopes to begin a restructuring that will allow it to revamp its long-term debt.

And it is a lot of debt: $5 billion at last count.

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