Bloomberg reported on Thursday that Toys ‘R’ Us is making preparations for a liquidation of its bankrupt US operations. The company has struggled to find a buyer or reach a debt-restructuring deal with lenders, leaving it with few options. It has insisted its Australian operations will not be affected by the insolvency.
Claire’s Stores, another chain that sells some toys, also is said to be nearing bankruptcy though it’s not at the point of being shut down.
Toys ‘R’ Us’s demise would hit a toy industry that’s already faltering. The business grew just 1 per cent in 2017 and fell during the holiday season, according to NPD Group.
Some chalked that up to the struggles at Toys ‘R’ Us, which entered bankruptcy in September. But others…
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