Toys R Us Revival, Bankruptcy, Babies R Us, Toy Stores
(Photo by Leon Neal/Getty Images)

Toys R Us Reportedly Coming Back After Bankruptcy Auction Cancelled

Did you miss Toys R Us after all 735 of their stores closed earlier this year? Well, the company’s biggest lenders pulled it from a bankruptcy auction and are planning on reviving the brand!

Did you miss Toys R Us after all 735 of their stores closed earlier this year? Well, we have good news: it’s coming back!

According to Polygon, it appears the toy store is getting a new lease on life after controlling lenders made the choice to pull the brand out of a bankruptcy auction.

While Toys R Us was heading for the chopping block, the lenders decided the brand was too valuable to lose. In a surprising move, they now are looking to revive the businesses behind the toy chain and Babies R Us.

Parents Shocked When They Learn Daughter Ordered $300 Of Toys From Amazon [PICS]

The Wall Street Journal reported creating a “new, domestic, retail operating businesses” is the new goal for lenders. They also plan to maintain its worldwide licensing of certain products.

Since declaring bankruptcy in September 2017, all U.S. Toys R Us stores closed and all online sales ended. This lead to an $11 billion dollar hole in the toy industry, reports the Wall Street Journal.

As no further information is public yet, we will just have to wait and see what happens.

Head here to learn more. Also, let us know what you think about this in the comments section below.

http://kncifm.com/sacramento-one-four-cities-nationwide-get-5g-internet/

Contests

Upcoming Events

Jun 18

Chris Stapleton At Toyota Amphitheatre!

June 18, 2021 @ 7:00 pm - 10:00 pm
Jul 29

Thomas Rhett at Toyota Amphitheatre!

July 29, 2021 @ 7:00 pm - 11:00 pm

Listen Live