[Money & Business] Toys “Я” Us to File for Bankruptcy? What it Means for the Brick & Mortar Businesses

September 20, 2017
00:0000:00

In this clip from our show 'Believe', we help you with “Money & Business.“

“Toys "Я" Us to File for Bankruptcy? What it Means for the Brick & Mortar Businesses”

• Toys "Я" Us is currently $5 billion dollars in debt.

• The company owners are discussing and negotiating their next move, and have even hired law firm Kirkland & Ellis, LLP who will be assisting them in taking care of their debt problem.

• It seems the boom of technology and new products are making toy companies obsolete. Toys "Я" Us has made 40% of its sales in the fourth quarter due to the holidays.

Hosted By: Vanessa Jacob

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