Monday, April 16, 2018

Toy tycoon submits bid to save Toys ‘R’ Us

Chain Store Age

It’s still a longshot, but some Toys “R” Us stores may live to see another day.

Isaac Larian, the billionaire founder and CEO of MGA Entertainment, whose products include Bratz dolls, Little Tikes and LOL Surprise, put in a formal bid of $675 million to buy 274 U.S. Toys “R” Us’ stores. He also put another $215 million to buy Toys “R” Us’ 82 stores in Canada. The bid comes as the chain is in the process of liquidating its U.S. operations.. . . more