Tuesday, September 19, 2017

Toys 'R Us' files for bankruptcy protection, but stores will remain open

Toys “R” Us announced late Monday it filed for Chapter 11 bankruptcy protection, yet the company’s stores – including those under the Babies R Us brand – will continue operations as the holiday season approaches. “Today marks the dawn of a new era at Toys“R”Us where we expect that the financial constraints that have held us back will be addressed in a lasting and effective way,” CEO Dave Brandon said in a statement. The bankruptcy filing is far from a surprise as the iconic retailer…



from https://www.bizjournals.com/baltimore/news/2017/09/19/toys-r-us-files-for-bankruptcy-protection-but.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/165510181582

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