Toys R Us might escape bankruptcy, revival of the brand planned
This year, Toys R Us went out of business, closing all 735 stores in the United States, putting an end to an era. A few months have passed since then, and it seems that the company might still have something up its sleeve. The lenders in charge of the brand have changed their minds, and plan to not put their brand name up for auction, and will instead attempt a revival. Others have already put in offers and bids to obtain the Toys R Us name, but those in charge will not be accepting them. A document filed on October 1st denotes that Toys R Us and its properties will be re-purposed for investments in retail stores. In short, it means Toys R Us has a shot at making a comeback, but in just what way is still a little unclear.
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