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Old 03-10-2018, 09:34 AM   #1
barfallo
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Toys-R-Us

Spun off, sold or transferred?: Toys 'R' Us Canada faces an uncertain future.
Some Canadian subsidiaries of U.S. retailers have managed to survive their parent company’s bankruptcy.

http://business.financialpost.com/ne...certain-future
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Old 03-10-2018, 12:34 PM   #2
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Re: Toys-R-Us

I quite like this article, it's the first one I saw that isn't just saying it's over, rather it suggests other possibilities than just folding, and also includes the more optimistic Canadian side of things.
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Old 03-15-2018, 01:29 PM   #3
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Re: Toys-R-Us

Toys"R"Us to Wind Down U.S. Business

WAYNE, N.J., March 15, 2018 /PRNewswire/ -- Toys"R"Us, Inc. today announced that it has filed a motion seeking Bankruptcy Court approval to begin the process of conducting an orderly wind-down of its U.S. business and liquidation of inventory in all 735 of the Company's U.S. stores, including stores in Puerto Rico. Toys"R"Us will provide more details about the plans for the liquidation of its U.S. stores and going out of business sales in the near term.

In connection with the sale process, the motion the Company filed with the Bankruptcy Court included bidding procedures for the Canadian operations. The Company also disclosed that it is engaged in discussions with certain interested parties for a transaction that could combine up to 200 of the top performing U.S. stores with its Canadian operations. While discussions continue on this potential transaction, Toys"R"Us is seeking court approval to implement the liquidation of inventory in all the U.S. stores, subject to a right to recall any stores included in the proposed Canadian transaction.

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Old 03-16-2018, 08:03 AM   #4
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Re: Toys-R-Us

https://www.theglobeandmail.com/repo...ticle38292661/

Toys ‘R’ Us in talks to sell Canadian business as it closes U.S. stores

The statement came a day after California-based toy company MGA Entertainment confirmed its CEO Isaac Larian and affiliated investors have made a bid for the Toys "R" Us Canada operations.

"Toys 'R' Us Canada is a good business," Larian said in a statement. "They run it efficiently, and have good leadership. At the right price, it makes economical sense."
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Old 03-16-2018, 07:34 PM   #5
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Re: Toys-R-Us

March 15, 2018

To our valued Canadian customers,

Toys “R” Us, Inc. announced the difficult decision to seek court approval in its Chapter 11 proceedings to wind-down its business operations in the United States. Our team members in Canada are very saddened to hear of this outcome and we are all keeping our U.S. colleagues in our thoughts during this very difficult time.

In Canada, all 82 stores remain open for business to serve you, our customers, honouring all our policies, warranties, Baby Registry, Gift Cards and RClub loyalty programs without change. We are taking the necessary steps to ensure the iconic Toys“R”Us and Babies“R”Us brands live on for many generations to come in Canada.

Our team continues to work hard at strengthening our competitive position and making the improvements necessary to ensure that we have the products when, where and how you choose to shop with us. Our Canadian operations are continuing in the normal course and we continue to partner with the trend products you want from the brands that you trust.

For the past 34 years, we have proudly served Canada as the trend authority in toy and baby and we remain the champions of play and trusted advisors helping people become parents.

Thank you for choosing to say “yes” to shop and support Toys“R”Us and Babies“R”Us Canada! We are proud to continue to welcome you in Canada coast to coast in store and online at www.toysrus.ca and www.babiesrus.ca for all of your toy and baby needs.





Melanie Teed-Murch, President
Toys“R”Us and Babies“R”Us Canada
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Old 04-26-2018, 09:58 AM   #6
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Re: Toys-R-Us

http://www.cbc.ca/news/business/toys...oved-1.4633692

Sale of Canadian Toys 'R' Us outlets to Fairfax Financial approved
Fairfax was only bidder for company's Canadian outlets.

A U.S. bankruptcy judge has approved the sale of the Canadian operations of Toys "R" Us to Toronto-based Fairfax Financial Holdings Ltd.

At a hearing Tuesday in Richmond, Va., Judge Keith Phillips gave his consent to the $300-million sale.

Fairfax was the only bidder at an auction held Monday in New York City for the 82 Canadian outlets of the toy retailer. The Canadian outlets have stayed open even as the company moved to shut down its operations in the U.S. and the U.K.
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Old 04-26-2018, 11:02 AM   #7
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Re: Toys-R-Us

Great news but I still wonder how it will be affected from going from a 1000+ stores to only 82. I can see prices rising but then they'd get killed by Walmart. Hope they start going with other brands and not just the Hasbro and Mattel lines. The Corps,Chap Mei's Soldier Force, and Power Team lines would be great.
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Old 04-27-2018, 07:51 AM   #8
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Re: Toys-R-Us

The closure of the US business should have little impact. It may actually lead to healthier operations, as the profitable Canadian division had to support the struggling US business.
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Old 04-28-2018, 06:14 AM   #9
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Re: Toys-R-Us

I'm hoping only managing 82 stores leads to better/quicker distribution of product.
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Old 04-28-2018, 07:40 PM   #10
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Re: Toys-R-Us

Quote:
Originally Posted by tekkamanraiden View Post
I'm hoping only managing 82 stores leads to better/quicker distribution of product.
Ditto.
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