Toys ‘R’ Us brand may be brought back to life

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    The corporate closed all of its US shops in June as a part of a chapter liquidation. However the house owners of the corporate’s remaining property are trying into restarting the enterprise, in addition to the associated Infants “R” Us model, the corporate disclosed in a court docket submitting this week.

    Toys “R” Us had deliberate to public sale off the rights to its identify and the Infants “R” Us model. Bidders had already made affords for them, in keeping with the submitting. However the firm’s house owners determined to cancel the public sale.

    The corporate mentioned it’s contemplating “a brand new, working Toys ‘R’ Us and Infants ‘R’ Us branding firm,” the submitting mentioned. The plan would “create new, home, retail working companies beneath the Toys “R” Us and Infants “R” Us names, in addition to increase its worldwide presence and additional develop its non-public manufacturers enterprise.”

    The main points of when and the way the model could be introduced again to life weren’t disclosed.

    The truth that different bidders have been considering shopping for the identify would not essentially imply that others have been trying to carry it again to life. Corporations typically purchase the manufacturers of out-of-business rivals in chapter court docket to verify the model cannot be used once more by a brand new rival. Particulars of who was trying to purchase the Toys “R” Us model additionally was not disclosed within the chapter submitting.

    Toys “R” Us filed for chapter a yr in the past, with the plans to make use of the reorganization course of to shed debt and stay in enterprise. However after a disastrously unhealthy Christmas procuring season the corporate introduced in March that it will shut its remaining 800 US shops and exit of enterprise.
    That price about 31,000 staff their jobs. The 70-year outdated retailer shut down in June.

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