Toys R Us could be making a comeback into the “play” business after a canceled bankruptcy auction as of recent.
According to The Wall Street Journal:
“The same group that pulled the plug on the retailer’s reorganization this year—intends to revive the business behind the Toys “R” Us and Babies “R” Us brand names.”
“Our objective is to work with our debtholders 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,” states chairman and CEO Dave Brandon in a previously-released statement from Toys “R” Us .
More to be reported in this story as it develops further. Keep it locked to Hypefresh for more updates.
In other news, Uber is now giving its user the option to rent electric scooters.
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