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Thread: Toys R Us To Liquidate
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Old 03-15-2018, 10:12 AM   #190
Jeddostotle7
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Join Date: Sep 2016
Posts: 1,342
According to the press release, Toys R Us, even at this point, is still exploring a plan to combine its 200 top-performing US stores with its Canadian operations:

"Toys“R”Us also announced that it is pursuing a going concern reorganization and a sale process for its Canadian and international operations in Asia and Central Europe, including Germany, Austria and Switzerland. The Company’s international operations in Australia, France, Poland, Portugal and Spain are considering their options in light of this announcement, including potential sale processes in their respective markets. The Company’s stores in all these international markets are currently open and serving customers.

In connection with the sale process, the motion the Company filed with the Bankruptcy Court included bidding procedures for the Canadian operations. The Company also disclosed that it is engaged in discussions with certain interested parties for a transaction that could combine up to 200 of the top performing U.S. stores with its Canadian operations. While discussions continue on this potential transaction, Toys“R”Us is seeking court approval to implement the liquidation of inventory in all the U.S. stores, subject to a right to recall any stores included in the proposed Canadian transaction."

Last edited by Jeddostotle7; 03-15-2018 at 10:14 AM..
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