Monday, April 23, 2018

Toy mogul plans new deal to save U.S. Toys 'R' Us

The CEO of Bratz doll manufacturer MGA Entertainment Inc. says he will formulate a new deal to buy more than 200 U.S. stores from bankrupt retailer Toys 'R' Us after a Toronto company reached a tentative agreemet to buy the retailer’s Canadian stores for $237 million.

Los Angeles toy mogul Isaac Larian and an investor group submitted a $675-million bid for 274 Toys 'R' Us locations in the United States and $215 million for stores in Canada, but the bid was rejected as inadequate, per The Los Angeles Times.. . . more