In mid-March, attorneys for Toys R Us described a “perfect storm” of circumstances that they say forced the company to request court approval to wind down its U.S. business in bankruptcy.
Toy makers and other suppliers, many of which had in the months leading up to that announcement supported the retailer by shipping to it on credit, weathered the brunt of that storm, along with the company’s employees and other stakeholders who didn’t hold secured debt.
