“For the past 22 years, Toys R Us has been one of Jakks’ most significant business partners.”A spokesman for Lego, which has been weathering its own financial troubles, said the company is “deeply engaged in ongoing dialogue” with Toys R Us. On Wednesday, Toys R Us said second-quarter sales had tumbled 5 percent, to $2.17 billion, from $2.28 billion a year earlier. He spoke on the condition of anonymity because negotiations with Toys R Us are ongoing. [Toys R Us — crushed by debt — files for bankruptcy]For now, the priority is to get back as much money as possible, he said. Staff layoffs may be next, he said, adding that Toys R Us represents about 20 percent of the company’s business.

Source: Washington Post September 28, 2017 15:56 UTC