Toys R Us Bankruptcy Filing
Toys R Us filed for Chapter 11 bankruptcy in September 2017. The company cited heavy debt from leveraged buyouts and competition from online retailers. It sought to restructure while keeping stores open.
Store Closures and Liquidation
In March 2018, Toys R Us began closing hundreds of U.S. stores. The company later announced it would liquidate all remaining U.S. locations. Thousands of jobs were affected across the country.
Brand After Bankruptcy
Toys R Us brand rights were later acquired by new operators in some regions. Tru Kids relaunched the brand with limited retail and online presence. For more details on the restructuring, see the company overview at https://www.bloomberg.com/news/articles/2017-09-18/toys-r-us-files-for-bankruptcy-ahead-of-holiday-season
