Toys ‘R’ Us cancels bankruptcy auction, plans to revive brand https://t.co/Y333DNKtIE@GlobeBusinesspic.twitter.com/c8b4A4kvtT
— The Globe and Mail (@globeandmail) October 2, 2018
In possibly the greatest "I lived, Bitch" move, Toys R Us may just be the comeback of the century after being bled dry by lenders in an all-too familiar tale.
The auction was cancelled because the bids weren't a viable alternative (AKA; Probably not enough to actually pay anything off).
They look to reorganize the assets into a "new" company that will maintain the current license agreements and can invest in new retail operating businesses and hopefully some upgrades because ours looked like shit.
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