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Toys R Us Planning Revival, Opening New Stores

If you’re a Toys R Us kid, then your beloved Toys R Us stores may be on their way back.

According to a report from Reuters, the company’s debtors have cancelled the absolute auction, and plan to revive the Toys R Us brand.

Furthermore, the report states that a new Toys R Us and Babies R Us branding company is in the planning stages, and it will “maintains existing global license agreements,” and will allow for investment in opening new stores and “private brands business.” The report went on to say that much of the debt could be attributed to a $6.6 billion “leveraged buyout by private equity firms in 2005.”

Toys R Us met a sad, emotional end over the summer, unable to recover from their Chapter 11 bankruptcy filing back in September 2017, which was filed in hopes that it would provide ample time for the company to reorganize so it could address owing lenders around $5 billion.


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