Toys ‘R’ Us Cancel Bankruptcy Auction, Plan to Revive Brand

Lenders representing Toys ‘R’ Us have cancelled their bankruptcy auction and are planning on reviving the brand.

They are seeking to open a branding company that will allow them to maintain existing global license agreements and allow them to invest and develop new retail shops. They also plan to expand the international presence of the brand, and seek more private investments.

Source: Toys ‘R’ Us lenders cancel auction, plan to revive brand

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