January 31, 2018

Law360 quotes Keith Owens on Toys R Us Ch. 11 landlord deal's impact for retailers

1 min

Keith Owens was quoted on January 31, 2018, about Toys R Us Inc. buying more time to decide which store leases it wanted to reject in bankruptcy. Toys R Us unveiled plans to close about 180 stores nationwide by the end of April, the bankrupt retail giant also received more leg room to evaluate shuttering hundreds of other store locations.

In remarks to the reporter, Mr. Owens said, "This case was in total free fall when it was filed last year, noting that the company spent the first few months in bankruptcy focusing on paying suppliers and keeping its shelves stocked for the 2017 holiday season."