While this is not a matter specifically relevant to Transformers, the future of one of the major toy retailers will undoubtedly have echos in our neck of the woods. CNBC is reporting that Toys R Us has engaged legal counsel to help find a solution to help address its current debt load, said to be around $400 million. Bankruptcy protection is noted among the options that are possible in this scenario, though no course of action has been decided so far. Find out more below!
Toys R Us is hoping to resolve its debt situation prior to the beginning of 2017's holiday shopping season, in advance of their debts reportedly coming due in early 2018. Though bankruptcy is playing a big part in headlines of general reporting on this story, that is only one among a number of options being considered right now. In the event that should occur, it doesn't necessarily signal the death of the long-lived toy store chain, though less profitable locations could potentially be shuttered as part of the process. For the time being, we only have speculation until a move is announced. We expect this story to continue developing over the coming weeks and months, and we'll be bringing you the important updates.
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