Toys 'R' Us mulls bankruptcy filing

A Toys R Us store in Louisville Kentucky. The retailer's US parent company is filing for bankruptcy

Toys R Us could be headed for bankruptcy before the holiday shopping season.

Lazard has been advising Toys "R" Us on how to handle its approximately $5 billion debt pile, including $400 million that comes due next year. Jakks Pacific fell 8.2 percent to close at $2.80. The company's operating income was completely wiped out by interest payments in 2016, and with comparable sales in decline, the situation will only get worse without some sort of restructuring.

"Some organizations recognize faster than others there are shifts in the ways customers want to be communicated with and the way customers want to purchase products, " Toys "R" Us CEO David Brandon told USA Today earlier this year. The company's revenue and profits have been in decline since 2014, and new CEO Margo Georgiadis, who took the helm in June, plans to reinvent the company. And its vendors have been curtailing shipments amid concern that Toys "R" Us might not be able to pay its bills.

Chelsea v Arsenal Enhanced Offer & Match Facts
Arsene Wenger's side turned things around in the second half with goals from Alexis Sanchez, Hector Bellerin and Sead Kolasnic. At the same time, Chelsea , now managed by Antonio Conte, has scored in each of the last 23 games played at Stamford Bridge.

"R" Us welcomes holiday shoppers on November 24, 2016 in Paramus, New Jersey.

"If there is any kind of bankruptcy filing, it will have a major disruption for all of the toy suppliers", said Lutz Muller, chief executive officer of toy retail consultancy Klosters Trading Corp.

The company has hired Kirkland & Ellis LLP to help it refinance and reorganize itself, as well as to help guide a potential bankruptcy hiring - but is searching for a loan to extend debt maturities and prevent the need to file. That's right - they think these 10 stocks are even better buys. The Motley Fool has a disclosure policy.

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