Toys R Us Making a Comeback?

News
toys r us_1538594031781.jpg.jpg

Just when you thought you’d heard the last of “Toys R Us”… it may make a comeback.

Months after the toy retailer closed its doors, a bankruptcy auction of the “Toys R Us” brand name and associated intellectual property has been put on hold.

A group of the bankrupt retailers debtors say they’re putting together a plan to potentially revive the toy chain, instead of selling it off for parts.

The investors say it would potentially bring Toys R Us back in a “new and re-imagined way”.

Toys R Us faced $5 billion in debt when it declared bankruptcy and closed more than 800 stores earlier this year, putting about 30,000 people out of work.

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Don't Miss

More Don't Miss

Trending Stories