Latest in Gear

Image credit:

Toys 'R' Us could make a comeback?

In name at least.
Richard Lawler, @Rjcc
October 3, 2018
Share
Tweet
Share

Sponsored Links

China News Service via Getty Images

After entering Chapter 11 protection last fall, Toys 'R' Us announced in the spring that it would sell off international operations and shut down in the US. Now, its top lenders -- the billions of dollars in debt it carried did more to kill the chain than millennials or Amazon ever could -- have cancelled an auction that would've sold off the Toys 'R' Us and Babies 'R' Us names as well as some associated toy brands.

Instead they're working on a plan to revive the names, which they have ownership over everywhere except Canada. Now Geoffrey LLC. will own "trademarks, ecommerce assets and data" so we'll see if it actually turns into a store or if we just end up getting targeted ads based on gifts purchased eight Christmases ago. With the holiday season approaching, many of the 33,000 workers laid off are still fighting to see any severance pay. Last week, the Wall Street Journal reported that private equity firms Bain and KKR were putting together a fund to pay them.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

Researchers 3D-printed a cell-sized tugboat

Researchers 3D-printed a cell-sized tugboat

View
PlayStation 5 first look: At home with Sony’s new console

PlayStation 5 first look: At home with Sony’s new console

View
MIT tests autonomous 'Roboat' that can carry two passengers

MIT tests autonomous 'Roboat' that can carry two passengers

View
NASA will try to stow away its leaking asteroid sample tomorrow

NASA will try to stow away its leaking asteroid sample tomorrow

View
NVIDIA RTX 3070 review: A hot rod GPU for the practical gamer

NVIDIA RTX 3070 review: A hot rod GPU for the practical gamer

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr