Tag: Toys ‘R’ Us
Hasbro's results were in contrast to those of rival Mattel Inc.
Angelo Gordon & Co. LP and Solus Alternative Asset Management don’t plan to contribute any more cash to benefit Toys “R” Us employees who were left jobless when it shut down.
The lenders would make a so-called "credit bid" by using their senior secured notes in the Asia business rather than cash, and win ownership of the unit during an auction next month in New York.
Slumping US toymaker Mattel announced Wednesday it will cut 2,200 jobs after reporting another steep loss in the second quarter, sending shares sharply lower.
Despite the bankruptcy of Toys 'R' Us, Hasbro's shares rose by almost 12%.
In a drive to win the business up for grabs after the demise of Toys “R” Us Inc., the online giant is going conventional with plans to publish a holiday toy catalogue.
The performance of the retail industry itself -- which has added more than 125,000 jobs in the past 12 months, shows what an outsize impact the collapse of Toys “R” Us had on retail real estate in the quarter.
Existing stock will be sold off at the stores as they close in the next few weeks. The closures will also see 700 staff lose their jobs.
Toys “R” Us, the toy retailer that’s liquidating in bankruptcy, found a New Jersey children’s hospital that was willing to take the 16-foot tall statue of the African mammal that stood in the lobby of its headquarters.
Sales at the world’s three biggest toymakers—Lego A/S, Hasbro Inc. and Mattel Inc.—slumped during the crucial 2017 holiday season, and the outlook for 2018 isn’t much better.
The founder of the embattled Toys R Us chain of children's stores died on Thursday, a week after the company announced the end of its operations in the United States.
More than a dozen executives, specialists and lawyers say they expected many small vendors to go bankrupt due to the disappearance of Toys 'R' Us and Babies 'R' Us in the United States.
Toys 'R' US plans to sell or close all of its US stores, potentially hitting 33,000 jobs.
Administrators fail to find buyer, forcing closure of 75 stores over the next 6 weeks on top of 25 outlets already closed.