Toys ‘R’ Us LIVES!

Wednesday, October 3rd, 2018 by Brickfinder

News reports have been streaming in from various channels that the controlling debtors decided to pull out of the bankruptcy auction and are planning on reviving the company with their licensing intact.

The news earlier this year of Toys ‘R’ Us closing down in the United States and United Kingdom has left an $11 billion dollar vacuum in the toy retail industry according to the Wall Street Journal.

There is renewed hope now that the top lenders are deciding to save the franchise and rebuild the brand.

Our objective is to work with our debt holders and other creditors to restructure the $5 billion of long-term debt on our balance sheet, which will provide us with greater financial flexibility to invest in our business, continue to improve the customer experience in our physical stores and online, and strengthen our competitive position in an increasingly challenging and rapidly changing retail marketplace worldwide. – Dave Brandon, CEO and chairman of Toys R Us

What this means for us LEGO fans is that there is still life for Toys ‘R’ Us in the United States, United Kingdom and Australia.

There should be no real change to the businesses in Asia as the that was a franchise in which they will just continue to pay the licensing fee once this restructuring completes.

Hopefully they will still continue to release LEGO Toys ‘R’ Us exclusives like Bricktober and the Geoffrey Brickheadz.

(Info from the Globe and mail)