🛝New Chapter 11 Bankruptcy & CCAA - KidKraft Inc.🛝
Company has a going concern sale teed up.
On May 10, 2024, Dallas-based KidKraft Inc. and 10 affiliates slid their prepackaged chapter 11 bankruptcy cases into the Northern District of Texas (Judge Larson).* The seller of indoor and outdoor children’s play things (e.g., swing sets, dollhouses, role-play kitchens, etc.) can be found at major brick-and-mortar retailers including Target Inc. ($TGT), Walmart Inc. and Sam’s Club ($WMT), Costco Wholesale Corporation ($COST), and online sellers like Amazon Inc. ($AMZN) and Wayfair Inc. ($W).
They can also be found drowning under an unsustainable debt load.