Toys ‘R’ Us Lenders Planning to Revive Brand and Reopen Stores
The Toys “R” Us Inc. lenders that took control of the retailer during its liquidation — and have faced criticism for their role in the shutdown — are now working on resuscitating the brand, according to new court documents.
In a bankruptcy court filing Monday, the funds said they had canceled a plan to auction off the company’s intellectual property. Instead, they are seeking to reorganize the assets into a new company that will maintain the current license agreements and can invest in new retail operating businesses.
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I figured that this would happen, since the TRU in my area never removed the sign from the building and a For Lease sign never went in the window. When Gymboree, Crazy 8 and Sears closed, their signs came down and For Lease signs went up.
ReplyDeleteI'm a-okay with this! TRU was always a special trip for me because not in my immediately circle of rounds and errands, but I enjoyed going when I did!
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