It might not be over for Toys ‘R’ Us
Toys “R” Us might live to see another day.
The funds that took control of the retailer during liquidation are now working on resuscitating the brand, Bloomberg reported.
The report cited a bankruptcy court filing on Monday in which the lenders said they had canceled a plan to auction off Toys “R” Us’ intellectual property, and were now seeking to reorganize the assets into a new company that will maintain the current license agreements and can invest in new retail operating businesses.
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The funds that took control of the retailer during liquidation are now working on resuscitating the brand, Bloomberg reported.
The report cited a bankruptcy court filing on Monday in which the lenders said they had canceled a plan to auction off Toys “R” Us’ intellectual property, and were now seeking to reorganize the assets into a new company that will maintain the current license agreements and can invest in new retail operating businesses.
Click here to read more.