Toys R Us is switching management.. again.
On Monday, it was announced that the brand management company WHP Global has acquired a controlling interest in the parent company of the once proud/GOAT toy store. Also acquired in the same transaction are controlling interests in Babies “R” Us, plus the Geoffrey the Giraffe brands.
Toys R Us filed for Chapter 11 Bankruptcy Protection in September of 2017, & After a tough holiday season in the same year, Toys “R” Us was liquidated, and in 2018 all its stores in the U.S. and UK were shut down. 2 Locations did happen to pop back up in the US, but due to COVID-19, they were forced to shut down due to bad traffic.
At this point in time, There has not been any details on how many stores will be opened or where they will be. But we do know, that it’ll hopefully be happening sometime in the near future!
SOURCES: [COMPLEX]
