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26 July, 2019 - 12:01
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Table 5.19 Toysmart Creditors Source Lorek

Creditor

Description

Debt

Impact

Zero Stage Capital

Venture Capital Firm

4 million

 

Citibank

 

4 million

 

Arnold Communications

 

2.5 million

 

Children's Television Workshop

 

1.3 million

 

Data Connections

Set up high speed cable and optics for Toysmart

85,000

Data Connections took out loan to keep solvent

Integrated Handling Concepts

Set up packaging and handling system for Toysmart

40,000

Requires dot-coms to pay up front after Toysmart experience

Blackstone

Software business

45,000

"It puts us in jeopardy as well"

PAN Communications

"Public relations agency specializing in e-business"

171,390

Turns down deals with dot-com companies and requires up-front payments