Spielwarenmesse: Toy Association creates Ad Hoc Toys R Us Creditors Committee

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Toy Association creates Ad Hoc Toys R Us Creditors Committee

12. October 2017 12:26 h:

Committee will represent the interests of companies not included in the court appointed Unsecured Creditors Committee

By toyworldmag.co.uk

The Toy Association is in the process of creating an Ad Hoc Creditors Committee for toy industry non-secured creditors. The purpose of the committee will be to represent the interests of those not included in the court appointed Unsecured Creditors Committee.

The Unsecured Creditors Committee consists of nine members:

  • Mattel – Toys
  • LEGO – Toys
  • Bank of New York – Banks
  • Huffy – Toys and Sport
  • Evenflo – Juvenile Products
  • Kimco Realty – Realty
  • Simon Property – Realty
  • Veritiv Operating Company – IT infrastructure
  • Euler Hermes – Insurance

The function of the Unsecured Creditors Committee will be to determine who gets paid what. As only three of the companies are from the toy industry, the other members will be looking out for their prospective industry’s concerns.

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