Author Topic: Toys R Us (Or: Die, Dinosaur, Die!)  (Read 23757 times)

Offline Nicklab

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Re: Toys R Us (Or: Die, Dinosaur, Die!)
« Reply #225 on: October 3, 2018, 05:51 AM »
The news of the demise of Toys R Us may have been premature...

Toys 'R' Us lenders cancel auction, plan to revive brand

(Reuters) - The top lenders of Toys ‘R’ Us have decided to cancel the bankruptcy auction of its brand name and other intellectual property assets and instead plan to revive the Toys ‘R’ Us and Babies ‘R’ Us brand names, a court filing on Monday showed.

The bankrupt retailer’s debtors aim to open a new Toys ‘R’ Us and Babies ‘R’ Us branding company that maintains existing global license agreements and can invest and develop new retail shops.

The lenders also plan to expand its international presence and further develop its private brands business.

The bids were not superior to the plan to revive the brand as it did not offer “probable economic recovery” to creditors as well as benefits to stakeholders who would maintain the brands under the new independent U.S. business, the court filing showed.

Toys “R” Us filed for Chapter 11 bankruptcy protection in September last year, hoping to restructure some $5 billion in debt, much of which stemmed from a $6.6 billion leveraged buyout by private equity firms in 2005.

But the company changed course in March, saying it would sell its operations in Canada, Asia and Europe, and shut down in the United States.

Under the intellectual property auction, the company had planned to sell its assets, including the brand names of Toys ‘R’ Us, Babies ‘R’ Us, registry lists, website domains, Geoffrey the Giraffe and other assets.
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Offline Phrubruh

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Re: Toys R Us (Or: Die, Dinosaur, Die!)
« Reply #226 on: October 3, 2018, 09:34 AM »
I'm going through TRU Saturday withdrawals.
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Offline Nicklab

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Re: Toys R Us (Or: Die, Dinosaur, Die!)
« Reply #227 on: October 11, 2018, 07:32 PM »
Check out this press release, because Toys R Us is coming back!


Geoffrey, LLC’s Assets to Be Acquired by Its Secured Lenders

WAYNE, NJ – October 2, 2018 – Geoffrey, LLC, Toys “R” Us, Inc.’s intellectual property holding company subsidiary, announced today that it is moving forward with a plan for substantially all of its assets to be acquired by a group of investors led by Geoffrey, LLC’s existing secured lenders.
The announcement was made following a five month marketing effort by Boston-based Consensus, an investment bank retained to market the assets of Geoffrey, LLC, that resulted in several formal and informal proposals to acquire the intellectual property assets. After considering such proposals, it was determined that the proposal from the existing term lenders was meaningfully higher and better than any other global bid or the sum of the bids received on individual assets. The transition of the business to its new owners is pending approval of the United States Bankruptcy Court and all major creditor constituencies are supportive. Geoffrey, LLC thanks all parties that participated in discussions with the company over the prior months, particularly those that submitted proposals, for their thoughtful and diligent engagement.

Geoffrey, LLC, as reorganized, will control a portfolio of intellectual property that includes trademarks, ecommerce assets and data associated with the Toys “R” Us and Babies “R” Us businesses in the United States and all over the world, including a portfolio of over 20 well-known toy and baby brands such as Imaginarium, Koala Baby, Fastlane and Journey Girls. The reorganized company will own rights to the Toys “R” Us and Babies “R” Us brands in all markets globally, with the exception of Canada. It will also become the licensor of the brands to the company’s existing network of franchisees operating in countries across Asia, Europe and the Middle East, and in South Africa.

In addition to continuing to service these markets, the new owners are actively working with potential partners to develop ideas for new Toys “R” Us and Babies “R” Us stores in the United States and abroad that could bring back these iconic brands in a new and re-imagined way. Geoffrey LLC will provide additional detail on this front as it becomes available.




There are additional rumors circulating about the brand, and that they may launch pop-up shops for the holiday season that will be located within a national retail chain, with the possible name "Geoffrey's Toy Box".  My personal theory is that it may be a partnership with Macy's stores.
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Offline Scockery

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Re: Toys R Us (Or: Die, Dinosaur, Die!)
« Reply #228 on: October 11, 2018, 10:17 PM »
Back by the people who doomed it from what I understand

The CEO of MGA won't have anything to do with Geoffory's Toy Box.

https://amp.northjersey.com/amp/1514735002