Reuters reported that bankruptcy court filings reveal Toys “R” Us’s leading lenders have decided to cancel the company’s brand name and intellectual property auction and plan to revive the brand.
According to Reuters, the company’s lenders plan to open a new company, including retail stories, under the Toys “R” Us and Babies “R” Us brand names using existing global licenses.
Follow the story on ABF Journal:
Toys ‘R’ Us Settles with Lenders
Gordon Bros., Hilco, Tiger, Great American Begin Toys ‘R’ Us Liquidation
Toys ‘R’ Us Files Bankruptcy, JPMorgan-Led Syndicate Provides DIP
