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Business Events Bankruptcy

  • Customers at a Toys R Us store in New York.

    Despite filing for Chapter 11 bankruptcy, Toys R Us plans to hire more than 12,500 for the top six markets during the holiday season.

  • A woman reacts while looking at the damage to her house after the area was hit by Hurricane Maria in Guayama, Puerto Rico September 20, 2017.

    Puerto Rico's bankruptcy proceedings could be put on hold indefinitely as the island recovers from Hurricane Maria.

  • NEW YORK— Toys R Us may have filed for Chapter 11 reorganization, but the toy chain is revving up its holiday hiring. The Wayne, New Jersey- based chain said Thursday it will be accepting job applications for part-time holiday positions at stores and distribution centers in the U.S. Walmart won't be doing large-scale holiday hiring at its stores this year.

  • Sept 20- Toy maker Jakks Pacific Inc said on Wednesday it expects to report a net loss in fiscal 2017 due to charges related to bankruptcy of the biggest U.S. toy store chain Toys' R' Us Inc.. "2017 continues to present a challenging retail environment, which has now been further disrupted by the Toys' R' Us Chapter 11 filing," Jakks Chief Executive Stephen Berman said.

  • Sept 20- Toys "R" Us Inc has been making $400 million in interest payments on its debt every year, largely due to its $6.6 billion leveraged buyout in 2005. The bankruptcy filing was the culmination of an unsuccessful seven-month effort by Toys "R" Us to find relief from its $5.2 billion debt pile, according to bankruptcy court filings and people familiar with the...

  • Sept 20- Toys "R" Us Inc has been making $400 million in interest payments on its debt every year, largely due to its $6.6 billion leveraged buyout in 2005. The bankruptcy filing was the culmination of an unsuccessful seven-month effort by Toys "R" Us to find relief from its $5.2 billion debt pile, according to bankruptcy court filings and people familiar with the...

  • Sept 20- Toys "R" Us Inc has been making $400 million in interest payments on its debt every year, largely due to its $6.6 billion leveraged buyout in 2005. The bankruptcy filing was the culmination of an unsuccessful seven-month effort by Toys "R" Us to find relief from its $5.2 billion debt pile, according to bankruptcy court filings and people familiar with the...

  • *Operations outside U.S., Canada not part of bankruptcy. Sept 18- Toys' R' Us Inc got court permission on Tuesday to borrow more than $2 billion to start paying suppliers so it can stock up on items like Lego building blocks and Barbie dolls for the holiday season, a day after it filed for bankruptcy. Ten days later, nearly all the company's vendors refused to ship...

  • *Operations outside U.S., Canada not part of bankruptcy. Sept 18- Toys' R' Us Inc got court permission on Tuesday to borrow more than $2 billion to start paying suppliers so it can stock up on items like Lego building blocks and Barbie dolls for the holiday season, a day after it filed for bankruptcy. Ten days later, nearly all the company's vendors refused to ship...

  • WILMINGTON, Del, Sept 19- The U.S. Bankruptcy judge overseeing the Chapter 11 of Toys' R' Us said on Tuesday he would approve the company's request to borrow more than $2 billion to help stabilize the largest U.S. toy chain as it builds inventory for the year-end shopping season. Toys' R' Us filed for bankruptcy Monday, squeezed by online shopping and discount chains.

  • Toys R Us will continue to struggle long-term: DA Davidson's Linda

    Linda Bolton, D.A. Davidson senior analyst, discusses the road ahead for Toys R Us after filing for bankruptcy.

  • Here's what a Toys R Us bankruptcy means for toymakers

    Here's what a Toys R Us bankruptcy means for toymakers: More clarity ahead of the holidays.

  • Toys R Us has filed for Chapter 11 bankruptcy protection, joining a growing list of companies struggling to navigate a retail landscape altered by technology and changing consumer tastes. There is even a new term that has emerged which points to the dire state of the industry: Chapter 22. Those are companies that have been forced to seek bankruptcy protection...

  • Toys R US spokesperson: Bankruptcy is 'balance sheet issue, not business issue'

    CNBC's Kate Rogers reports the latest on Toys R Us filing for Chapter 11 bankruptcy protection.

  • *Operations outside U.S., Canada not part of bankruptcy. Sept 18- Toys' R' Us Inc, the largest U.S. toy store chain, which filed for bankruptcy late Monday, will ask a judge on Tuesday for permission to borrow money so that it can start paying suppliers to ensure it has Lego building blocks and Barbie dolls for the holiday season. The Chapter 11 filing, to restructure $5...

  • Toys R Us files for Chapter 11 bankruptcy protection

    The news comes ahead of the crucial holiday season, when the retailer does the majority of its sales.

  • NEW YORK— In filing for bankruptcy, Toys R Us joins a list of dozens of store chains that have done so already this year as online leader Amazon increasingly exerts its influence over a huge part of the retailing world. Like so many retailers that find it harder to co-exist with Amazon, analysts say Toys R Us needs to improve its online services and offering special...

  • A man shopping in a Toys-R-Us store in Fairfax, Virginia.

    The bankruptcy comes ahead of the crucial holiday season, when the retailer does the majority of its sales.

  • *Operations outside US, Canada not part of bankruptcy. Sept 18- Toys' R' Us Inc, the largest U.S. toy store chain, filed for bankruptcy protection late Monday, the latest sign of turmoil in the retail industry that is caught in a viselike grip of online shopping and discount chains. Toys' R' Us received a commitment for over $3 billion in debtor-in-possession financing...

  • Sept 18- Toys' R' Us Inc, the largest U.S. toy store chain, filed for bankruptcy protection on Monday, the latest sign of turmoil in the retail industry caught in a viselike grip of online shopping and discount chains. The retailer's operations outside of the United States and Canada, including about 255 licensed stores and joint venture partnerships in Asia, which...