Toys R Us was a wonderland for us while we were growing up, and there was no better feeling than walking in there, then successfully managing to coax our parents to buy us something, anything, before stepping out.
But as e-commerce and the changing of times have gotten in the way, the global toy supply company is now potentially looking to file for bankruptcy due to its huge $5 billion debt.
The company reportedly hired law firm Kirkland & Ellis to look into restructuring options and deal with the debt, but things surely are looking bleak.
Most of the company’s earnings are made only during the holiday season, and for the rest of the year, sales has been consistently slow.
What will this mean for the 35 Toys R Us stores we have here in Malaysia? Will all the stores have to shut down? We will soon find out on September 26 when the company officially announces its plans.
