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Old 09 March 2018, 07:44 PM
E. Q. Taft's Avatar
E. Q. Taft E. Q. Taft is offline
Join Date: 30 July 2003
Location: San Diego, CA
Posts: 14,383
No Toys ‘R’ Us said to prepare for shutdown of U.S. operations

Toys “R” Us Inc. is making preparations for a liquidation of its bankrupt U.S. operations after so far failing to find a buyer or reach a debt restructuring deal with lenders, according to people familiar with the matter.

While the situation is still fluid, a shutdown of the U.S. division has become increasingly likely in recent days, said the people, who asked not to be identified because the information is private. Hopes are fading that a buyer will emerge to keep some of the business operating, or that lenders will agree on terms of a debt restructuring, the people said.
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