Retail News

Debt could lead to Toys ‘R’ Us to file for bankruptcy

The Record 09/06/2017

Toys “R” Us has hired Kirkland & Ellis, a law firm that specializes in corporate restructuring, to help the company address its debt load. The retailer has issued a statement suggesting that bankruptcy is one potential option as the company continues to lose market share to competitors, from Amazon.com to Walmart.

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