Sunday, October 1, 2017

Toy industry in panic mode: Toys R Us bankruptcy sending everything to hell on a handbasket

Panic within the toy industry due to Toys''R''Us bankruptcy filing; these cats might not get their moolah back:
Toys R Us owes $14.06 million to JAKKS Pacific, which will take a huge hit if they are not paid. They also owe Mattel ($136 million), Hasbro, Inc. ($59 million), Spin Master Global ($33 million), LEGO($32 million), Radio Flyer ($12 million), Crayola ($2.6 million). Plus more startup companies that are going to hell on a handbasket. Many are jumping ship already and not shipping product to them in December.

Read the full article here: http://www.msn.com/en-us/money/companies/toymakers-say-there-is-widespread-panic-following-toys-r-us-bankruptcy/ar-AAszPI4?li=AA4Zjn&ocid=spartanntp



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