Suppliers Are Unhappy With Toys R Us’ Bankruptcy Proceedings
PYMNTS
MARCH 21, 2018
The retailer could conceivably sell the inventory and use the money to pay bankruptcy lawyers as well as secured lenders. after failing to restructure its debt or find a buyer, Reuters reported. Since a leveraged buyout, Toys R Us has been burdened with over $5 billion in debt. including those under the Babies R Us banner.
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