Toys R Us is reportedly about to liquidate its US assets as it loses hope of finding a savior
|03/09/2018||Posted by BusinessMediaguide.Com under General World News||
- Toys R Us is preparing to liquidate its entire US operation, according to Bloomberg.
- The retailer filed for Chapter 11 bankruptcy protection in September 2017.
- Debt restructuring negotiations are reportedly not going well, but a buyer could still emerge to rescue the chain.
Toys R Us is reportedly in its death throes, and liquidation of all its US assets is looking like the most likely outcome, according to a new report in Bloomberg, which cited anonymous sources.
A deal has not yet been reached with lenders, and sources told Bloomberg that it’s not looking likely that will happen. The toy read more >>>