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Toys R Us Faces Chapter 11 Challenges

Law360, New York (September 22, 2017, 12:29 PM EDT) -- On September 18, Toys R Us Inc. filed a Chapter 11 petition in the United States Bankruptcy Court for the Eastern District of Virginia; it also filed for bankruptcy protection for its Canadian operations. Readers may wonder: is the toy business in trouble?

Not at all; according to data from the Toy Industry Association, U.S. toy sales are expected to increase 4.5 percent this year, with sales estimated to reach $21.3 billion. If the industry hits that number, it will be at least the fifth straight...
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