Toys 'R' Us files for bankruptcy protection
The 69-year old Toys 'R' Us was once the mecca of kids' gifts. But it was eventually overtaken by Walmart and ultimately Amazon.
In its fight to stay relevant, Toys 'R' Us amassed $5 billion in debt. That came from slashing prices, signing major, exclusive licensing deals with toymakers and buying up other toy giants FAO Schwartz and KB Toys over the past decade.
file for (Chapter 11) bankruptcy protection:(連邦破産法11条)破産法適用を申請する
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