Toys R Us files for Chapter 11 reorganization
RICHMOND, Va. (AP) — Toys R Us, the pioneering big box toy retailer, has announced it has filed for Chapter 11 bankruptcy protection while continuing with normal business operations. A statement by the Wayne, New Jersey-based company late Monday says it voluntarily is seeking relief in U.S. Bankruptcy Court for the Eastern District of Virginia in Richmond — and that its Canadian subsidiary is seeking similar protection through a Canadian court. Toys R Us says court-supervised proceedings will help restructure […]...
Published By: Fox 17 - Tuesday, 19 September, 2017
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