Toys ‘R’ Us Plans To Seek Protection

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Toys ‘R’ Us in Canada plans to seek protection under the Companies’ Creditors Arrangement Act after their United States stores filled bankruptcy protection.

The company received a commitment of over $3.0 billion in debtor-in-possession financing to support operations.

During the process, the company’s approximately 1,600 stores around the world are continuing to operate as usual including the one store in Windsor, at the Roundhouse Centre.