Now Product Launchers, which supplies other novelty items like squishies from five toymakers to Toy ‘R’ Us, expects it will not be paid for the $500,000 fidget spinner order and other items following the chain’s Chapter 11 bankruptcy filing on Sept. 19, Product Launchers Chief Executive Linda Parry Murphy told Reuters.
“These toymakers were very reliant on Toys ‘R’ Us. It’s their primary account, or the account that they were leaning on to make inroads in the toy industry, looking at the long term down the road,” Parry Murphy said.
“But we’ve made a decision not to sell to Toys moving forward.”
Meanwhile Barbie maker Mattel Inc ( MAT.O ), toy and board game company Hasbro Inc ( HAS.O ) and other large vendors like Lego could get full payment after Toys ‘R’ Us asked a...