The Briefing Room
General Category => Economy/Business => Topic started by: 240B on March 15, 2018, 12:34:36 pm
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Hot Air
JOHN SEXTON
Posted 9:21 pm on March 14, 2018
The company filed bankruptcy last year with billions in debt so this doesn’t exactly come as a shock. Still, for those of us who grew up before the internet, this was the place you got to go for your birthday or the place your parents went shopping before Christmas. The chain’s iconic name may not be lost for long though. The Washington Post reports there is an offer being made which could keep up to half the stores going under different ownership:
A group of toy makers led by MGA Entertainment, the giant behind brands such as L.O.L. Surprise!, Little Tikes and Bratz on Wednesday submitted a bid to buy Toys R Us’s Canadian arm, which includes 82 stores, according to Isaac Larian, MGA’s chief executive. He added that he is also looking into buying as many as 400 U.S. stores, which he would seek to operate under the Toys R Us name.
(more)
https://hotair.com/archives/2018/03/14/toys-r-us-close-sell-800-remaining-stores/