Friday, April 13, 2018

Nostalgia hasn't translated into dollars as Toys R Us rescue effort raises only $59,000

USA Today

Nostalgia hasn't translated into dollars in a long-shot effort to crowdfund a future for Toys R Us. Neither did efforts to recruit other toy makers.

A campaign led by a billionaire toy executive who pledged $200 million with other investors in hopes of saving part of the bankrupt chain has foundered, with only $59,000 more raised in three weeks. Isaac Larian said Thursday he's disappointed but still plans to formally submit a bid this week for more than 300 stores in the U.S. and Canada.. . . more