Toys “R” Us Files for Bankruptcy Protection



Rumors had been circulating that mega toy chain Toys R Us may be filing for bankruptcy protection soon, and it seems those rumors were right.

Today, the company filed for bankruptcy protection, undertaking a ‘financial restructuring’ to ensure the future of the company.

The popular toy retailer filed for chapter 11 bankruptcy protection to help the company relieve some of the massive debt it’s carrying.

toys r us
Credit: ValeStock / Shutterstock.com

What does it all mean?

 


Kelli

Kelli is a Canadian living in the US with a longstanding love affair with entertainment news and celebrity gossip. She has written about it for some of the most popular websites in both Canada and the US including Entertainment Tonight Canada, I'm Not Obsessed and Babble. When she's not chauffeuring her 4 kids back and forth to the rink for various hockey and figure skating activities, she can be found glued to Netflix or reading a great book.


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