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RSS FeedsToys `R` Us files for bankruptcy
(WorldNews Business)

 
 

19 september 2017 07:40:04

 
Toys `R` Us files for bankruptcy
(WorldNews Business)
 


Toys `R` Us hasfiled for bankruptcy as the retailer, loaded with debt in a buyout more than a decade ago, failed to keep consumers from abandoning its stores for the lower prices and convenience of online shopping. The company filed Chapter 11 documents late Monday in US Bankruptcy Court in Richmond, Virginia. The chain secured US$3 billion in debtor-in-possession financing to stay open while it restructures, according to a...


 
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(WorldNews Business)
 
 
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