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Toys“R”Us Files for Bankruptcy, Due to Debt and Intensifying Competition

Executive Summary

  • Toys“R”Us announced on Monday that it has filed for Chapter 11 bankruptcy protection in the US and Canada in an effort to restructure its debt obligations. The company’s long-term debt totals over $5.2 billion, including $444 million of debt that is due next year.
  • The company’s operations outside of the US and Canada, including its approximately 255 licensed stores and joint-venture partnership in Asia, are not part of the Chapter 11 filing.
  • Toys“R”Us emphasized that its roughly 1,600 locations worldwide will continue to operate as usual ahead of the holiday season.

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