Formal bid made to save Toys R Us in US and Canada

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Toyworld magazine have reported today that MGA Entertainment CEO has put in an offer to save Toys R Us.

The Article states:

Isaac Larian confirms that he has put in a formal bid of $675m to buy both the US stores as well as $215m to buy the Toys R Us stores in Canada. The funds to purchase both the US and Canadian stores will come from Isaac’s own coffers, additional investors and bank financing.

There is also a heartfelt quote from the entrepreneur:

“The liquidation of Toys R Us is going to have a long-term effect on the toy business. The industry will truly suffer. The prospect of bringing the Toys R Us experience to a new generation, my new grandson’s generation, is enough to motivate me to Save Toys R Us.”

You can read the full article here

So does this mean that there is light at the end of the tunnel? – lets hope so as it could mean a new chance for the 1000’s of people whose jobs are affected by the troubles of the Toy giant.

Matt Booker
Matt Booker
Matt brings decades of retail and fandom experience to Fantha Tracks. A number of years at Cool Toy Review and The Private Universe, numerous trips across the Atlantic to US conventions and dozens of others in the UK and Europe as well as his knowledge of Star Wars (specifically Boba Fett) and the wider world of comics and sci-fi.
- Advertisement -
- Advertisement -

Toyworld magazine have reported today that MGA Entertainment CEO has put in an offer to save Toys R Us.

The Article states:

Isaac Larian confirms that he has put in a formal bid of $675m to buy both the US stores as well as $215m to buy the Toys R Us stores in Canada. The funds to purchase both the US and Canadian stores will come from Isaac’s own coffers, additional investors and bank financing.

There is also a heartfelt quote from the entrepreneur:

“The liquidation of Toys R Us is going to have a long-term effect on the toy business. The industry will truly suffer. The prospect of bringing the Toys R Us experience to a new generation, my new grandson’s generation, is enough to motivate me to Save Toys R Us.”

You can read the full article here

So does this mean that there is light at the end of the tunnel? – lets hope so as it could mean a new chance for the 1000’s of people whose jobs are affected by the troubles of the Toy giant.

Matt Booker
Matt Booker
Matt brings decades of retail and fandom experience to Fantha Tracks. A number of years at Cool Toy Review and The Private Universe, numerous trips across the Atlantic to US conventions and dozens of others in the UK and Europe as well as his knowledge of Star Wars (specifically Boba Fett) and the wider world of comics and sci-fi.
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