Toys’R’Us Files for Chapter 11 in US and CCAA in Canada

WAYNE, USA – Yesterday Toys’R’Us Inc. announced that it has filed for Chapter 11 relief and protection for certain of its US subsidiaries and in Canada under ‘Companies’ Creditors Arrangement Act’ (CCAA) for its Canadian subsidiary. With operating 1,871 stores and webshops in 37 countries that all sell 14 to 20 inched bicycles and 2-wheeled toys as well as P&A like kid helmets, Toys’R’Us is a sizeable player in cycling products and toys.