Business News: Toys 'R' Us may be coming back
Earlier this year toy collectors had to say goodbye to Toys 'R' Us stores in the United States, with the former Toys 'R' Us locations becoming other stores or sitting empty to this day. It seemed that the age of Geoffrey greeting you as you looked for a toy was over - or is it?
According to Bloomberg, the lenders who originally took control over Toys 'R' Us' assets have decided not to auction off the company's intellectual property. The plan now seems to be a reorganization of those assets to form a new company for eventual reopening of Toys 'R' Us retail stores in some form.
There are no firm plans yet so it is highly unlikely you will be able to visit a US Toys 'R' Us store this Holiday Season. However the Bloomberg article does provide some interesting nuggets of information that give a bit of hope to collectors hoping to one day shop alongside Geoffrey the Giraffe again.