Toys R Us, the biggest toys retailer in the world, has filed for Chapter 11 bankruptcy. The company has been struggling with debt over the past few years, and the bankruptcy protection will give them a chance to restructure the business.
Nintendo and Toys R Us go back a long time. The two companies have partnered in selling every one of Nintendo’s consoles, from the very first NES to the recently released Switch.
The company has billions in debt, which is so strangling on the company that one analyst told Bloomberg: “If they didn’t have the debt would be making $500 to $600 million a year in profit”.
The company has over 1,500 locations and 62,000 employees worldwide.
