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Toys 'R' Us preparing to close all U.S. stores: source

Reuters 

By Tracy Rucinski (Reuters) - Bankrupt Toys 'R' Us Inc is preparing to sell or close all 885 stores in its U.S. chain, risking up to 33,000 jobs, after failing to reach a deal to restructure billions of dollars in debt, a person familiar with the matter said on Wednesday.In Britain, its 75 remaining shops will close within six weeks, joint administrators for the retailer said earlier on Wednesday after they were unable to find a buyer for all or part of the business, resulting in the loss of about 3,000 jobs.Creditors decided they can get more from liquidating assets of the toy seller, the ...

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First Published: Thu, March 15 2018. 05:18 IST
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