Toys ‘R’ Us Is Going Out Of Business… JUST KIDDING! They’re Back!
After months of going out of business sales, auctions, and bankruptcy proceedings, the bankrupt retailer’s debtors are now saying that Toys 'R' Us will be back in business!
Wait, what? Didn't they just close all their stores and then sell everything including the racks and light bulbs? Yes, yes they did.
But now the Toys 'R' Us creditors are saying that they will be holding on to the intellectual property rights for Toys 'R' Us, Babies 'R' Us, and their mascots. The creditors hope to revive the brand on a much more international platform.
According to an article from The Globe And Mail "The bankrupt retailer’s debtors aim to open a new Toys "R" Us and Babies "R" Us branding company that maintains existing global license agreements and can invest and develop new retail shops."
It isn't certain if or when they will start to reopen their retail shops, so don't hold your breath. But, if we are lucky you might be able to go to Toys 'R' Us to do some Christmas Shopping in 2019.