![]() ![]() In a bizarre twist to the ongoing Toys ‘R’ Us bankruptcy saga, billionaire Isaac Larian of MGA Entertainment has offered to purchase over 280 of the 735 Toys ‘R’ Us locations currently facing imminent and permanent closure for a whopping $887 million. Isaac Larian- MGA Entertainment mogel and owner of the “Bratz” line of dolls (Photo: Mediatly) THIS JUST IN! Reliable Rudy Panucci has just posted a wonderful article going into greater detail regarding this topic on his “PopCult” blog found HERE. We have to wonder- are their investors throwing good money after bad by trying to keep it all going? Especially in this “one click” internet age? We’ll see. And while we can see (perhaps) trying to keep NYC’s historic FAO Schwarz going, Toys ‘R Us has always just seemed like some sort of big toy warehouse to us. will be creating a $20 million fund to be distributed to the workers.”īottom Line: It’s good to hear that all of the laid-off TRU employees will be receiving SOMETHING out of all of this financial hoo-hah. The Wall Street Journal reported Friday that Toys “R” Us private-equity backers Bain Capital and KKR & Co. In recent months, those workers have been fighting for severance pay. Toys “R” Us stores also left 33,000 people without jobs. “The absence of Toys ‘R Us has also left an $11 billion hole in the toy industry, and hundreds of toy vendors without a major bricks-and-mortar platform to sell their goods. The decision to shut 800 U.S. “The hedge fund group has determined the qualified bids wouldn’t likely yield a superior alternative to the plan, because of factors including the recovery to creditors, as well as the benefits to other stakeholders in maintaining the brands under a newly-established, independent U.S. “The retailer said in court papers filed Monday that while it received qualified bids for assets-it has opted to forgo a much-anticipated bankruptcy auction for its brand name and other intellectual-property assets.” Really? “A group of hedge funds in line to take control of Toys “R” Us-the same group that pulled the plug on the retailer’s reorganization this year-intends to revive the business behind the Toys “R” Us and Babies “R” Us brand names.” Regardless, here are some of the more telling quotes from the WSJ: ![]() We’ve reported on this same “keep it going” concept regarding FAO Schwarz (see HERE), but applying it to TRU makes little sense (to us). Despite the burgeoning growth of Amazon, Walmart and other online worldwide retailers, this group of financial “wizards” now believes that (somehow) reinventing TRU’s brick-n-mortar stores will (somehow) make them more money in the long run. Apparently, selling off all of the assets of the moribund toy retailer makes less financial sense to some investors (really?) than keeping it going. Find the most popular video games and more when you shop at Toys R Us in Clinton.Do YOU still care about the fate of Geoffrey the Giraffe-or Toys ‘R Us?Īn article in Tuesday’s Wall Street Journal announced that the (supposed) end of Toys ‘R Us (TRU) may not be so final after all. With an eye for convenience, Toys R Us is located centrally to available parking. Take on your next nature adventure with a new pair of binoculars and enjoy the endless sites. Take it anywhere you want! Get your hardhat on! Pretend to be a construction worker today with your kiddos and start building with a fun set from this Toys R Us. Pick up one at this store to make sure you have this for your next play date! Your boundaries are unlimited when you are in control of an awesome radio control toy. No toy chest is complete without an action figure. Keep your child entertained all day long with a new and fun art and drawing toy from this store. Combine play and learning with this fantastic, educationally-oriented toy! What better way to pass the time than with some board puzzles and card games? A doll from this store will be loved by any child, so prep the wrapping paper for your next round of gifts. Show your appreciation with a stuffed animal from this store. Unleash the latest entertainment the 21st-century has to offer with the enjoyable accessories available like video game systems. Amped up about a new video game release? Head on over to Toys R Us in Clinton and score the hottest new game. ![]()
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