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Following our story from the other week, it looks like Toys R' Us is already poised for making a comeback here in the United States after just a few months ago declaring bankruptcy and closing all their US based stores. So last week we told you how it looked as if the Toys R' Us controlling lenders had a last minute change of heart about selling off all the companies assets because they decided the brand was just two valuable. Toys R' Us that same day released a press release posted on their website which says the following: "Geoffrey, LLC, Toys “R” Us, Inc.’s intellectual property holding -
Toys R Us Goes Out Of Business.... Just Kidding
JayC posted a topic in Marvelous News's General Area
According to a report by the WSJ it looks like Toys R' Us' controlling lenders have had a change of heart and decided to revive the Toys ‘R’ Us and Babies ‘R’ Us names in the United States with retail stores. Apparently at the last minute someone decided the brand was just to valuable to kill off. There aren't a lot of specific details at this time, but if you thought you were going to have to grow up after all 735 stores in the US closed a few months ago, I guess you were wrong. Stay-tuned for more details on this as they become available.
