Retailer Toys "R" Us has filed for Chapter 11 bankruptcy
The company will "restructure its outstanding debt
New York - AFP
Retailer Toys "R" Us has filed for Chapter 11 bankruptcy protection in a US court, the company said, amid a tough environment for brick and mortar stores.
The company will "restructure its outstanding debt and establish a sustainable capital structure that will enable it to invest in long-term growth and fuel its aspirations to bring play to kids everywhere and be a best friend to parents," Toys "R" Us said in a statement late Monday
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