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Toys 'R' Us Plans Bankruptcy Filing as Soon as Today

Toys “R” Us Inc., which has struggled to lift its fortunes since a buyout loaded it with debt more than a decade ago, is preparing a Chapter 11 filing as soon as today, according to people familiar with the situation.

The move would send America’s largest toy chain to Bankruptcy court, dealing another blow to a brick-and-mortar industry that’s already reeling from store closures, sluggish mall traffic and the threat of Inc.

The toy retailer has already hired a claims agent, which typically helps with administering a Chapter 11 process, people with knowledge of the situation said last week.

Shares of Mattel Inc. , the maker of Barbie and Fisher-Price, fell 6.2 percent -- its worst decline in seven weeks.

Hasbro, the company behind Monopoly, Nerf and Transformers, dropped 1.7 percent, marking its biggest decrease in almost two weeks.

READ MORE (Bloomberg)

  • Toys R Us could file for bankruptcy on MondayMarkets Insider
  • Toy companies' shares fall on concerns of Toys 'R' Us bankruptcyReuters
  • Reports: Toys R Us may soon file for bankruptcyWJLA
  • Toys R Us could file for bankruptcy as soon as this week, sources sayYahoo Finance
  • Toys 'R' Us bankruptcy fears hit Mattel and HasbroKY3
  • Toys 'R' Us Could Declare Bankruptcy This WeekFortune
  • MOVES-Lazard debt restructuring banker returns to Toys "R" UsReuters
  • Toys R Us bonds tumble to record lows on bankruptcy reportsFinancial Times
  • Why Shares of Mattel Slumped TodayMotley Fool

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Toys 'R' Us Plans Bankruptcy Filing as Soon as Today


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