Toys “R” Us Receives Nearly $1 Billion Rescue Offer
April 16, 2018
Shoppers may not have seen the last of Wayne, N.J. retailer Toys “R” Us, which announced plans to fold all business last month following a bankruptcy filing in fall 2017.
CNN Money reports that Isaac Larian, CEO of MGA Entertainment, has submitted an offer of $675 million to purchase the company, along with $215 million for Toys “R” Us units in Canada. Larian is said to be pursuing more than 200 of the company’s remaining 735 locations in the United States. The plan also will include the transformation of the aforementioned stores into entertainment hubs that reimagine the retail experience as a more experiential, family destination.