Toys R Us has missed payments to some suppliers in recent days as its U.S. division heads toward a likely liquidation, according to people with knowledge of the situation.
The payments stopped without explanation, said the people, who asked not to be identified because the matter is private. Some of the people said they can’t get anyone to respond to questions at the retailer, which filed for bankruptcy in September and faces a $5 billion debt load.
Toys R Us also recently stopped negotiating settlements with vendors on money owned before …read more
Source: Bangor Daily News