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+--- Thread: "If all goes well, it looks like Toys R Us will be making a comeback" (/thread-3325.html)
"If all goes well, it looks like Toys R Us will be making a comeback" - Super - 10-04-2018
Quote:If all goes well, it looks like Toys R Us will be making a comebackhttps://finance.yahoo.com/news/toys-r-us-bankruptcy-auction-165200821.html
Quote:Source: Shutterstock
If all goes well, it looks like Toys R Us will be making a comeback. The cancellation of the Toys R Us bankruptcy auction comes as the company’s main lenders say it wasn’t a “probable economic recovery.” What this really means is that no one was willing to make a large enough bid on the company’s assets to warrant going forward with the auction.
Now that the Toys R Us bankruptcy auction is no longer going forward, lenders are still looking for a way to get the maximum value out of the company. As a result, they are planning to revive both the Toys R Us and Babies R Us brands.
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The resurrection plans for Toys R Us includes opening new retail stores. This may come as a surprise to some as the toy retailer shutdown all of its stores this year and went forward with a liquidation sale of its merchandise, shelves and just about everything else in its stores, reports Reuters.