Toy company Basic Fun to restructure in bankruptcy

Quick Summary:

The downfall of Toys R Us — its largest customer — plus its own supply chain issues and the pandemic have left Chapter 11 as its best recourse.

Foreman and MacDonald loaned the company a total of $18 million between March and September of that year.

Throughout 2019, the company said it struggled to transition its volume of inventory from the now-defunct Toys R Us to Amazon.

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Article Details

Author / Journalist: Nate Delesline III

Category: Business

Markets: United StatesCanadaChinaHong Kong

Topics: Toys Foreman 2019 Pandemic Company Million Company’s Business Bankruptcy Largest Basic

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-03 @ 12:25:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 571 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 21474167

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Main Topics: Business

Official Website: retaildive.com

Year Established: 2012

Headquarters: United States

News Last Updated: 1 days ago

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