Posted on 09/06/2017 6:02:27 PM PDT by dynachrome
oys"R"Us Inc has hired law firm Kirkland & Ellis LLP to help weigh restructuring options ranging from a bankruptcy filing to raising financing as bricks and mortar retail goes through a major downturn, according to a person familiar with the matter.
The privately held toy retailer had previously said it was working with investment bank Lazard Ltd to help address its approximately $5 billion in debt, of which roughly $400 million comes due next year.
The person could not be identified because the law firm's hiring is not yet public.
In a statement, the company said it would provide an update on how it planned to deal with its debt when it announced second quarter earnings on Sept 26.
(Excerpt) Read more at cnbc.com ...
Oy!!!
Ebay, Amazon
Toy industry is weird, like becoming a Rock Star:
A million duds, then one guy makes 100 million.
Toys are like that and the structure lends itself to eMarkets, big time.
Now you can’t even mail order kiddie cowboy pistol belts into Calif:
https://www.ebay.com/sch/i.html?_from=R40&_trksid=m570.l1313&_nkw=cowboy+pistol+belt+toy&_sacat=0
Sick
Shipping and handling
“Now you can’t even mail order kiddie cowboy pistol belts into Calif:”
???? Hard to ship INTO CA when they are already there. Details as below:
Item location: Clements, California, United States
Shipping to: Worldwide
Excludes: Mexico, Russian Federation, Ukraine
If they actually sold toys that real kids want to play with they might not be in this position.
Kids are too busy being told how to fluidify their gender to have time to play with toys.
It’s the Hebrew branch! haha. bad copy/paste job on my part.
Irish?
;^)
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