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Toys 'R' Us Canada Gets Court Approval for Three Asset Sales
- On Monday, June 22, 2026, Judge Jane Dietrich approved the sale of Toys assets in Canada to three buyers, helping the retailer address debt accumulated before filing for creditor protection in February.
- Toys reportedly owes at least $120 million to vendors and "substantial" amounts to landlords, following a period where it shuttered 53 stores within two years and now operates 15 stores with 260 employees.
- Populum acquired rights to 150 trademarks, including Geoffrey and the "wish book" phrase, while Doug Putman will take over 10 store leases and Fox Group Jumbo Canada purchased the Vaughan Mills lease.
- Putman, who also owns Sunrise Records and HMV, holds a license to use the Toys name until Jan. 25, 2027, and hopes to extend this agreement or potentially rebrand the chain.
- Populum, which manages the company behind the Chia Pet brand, has not specified plans for the acquired trademarks, though the firm operates Party City and manages assets linked to Graceland and Elvis Presley.
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31 Articles
31 Articles
Toys 'R' Us Canada is being split among 3 buyers after court approval
One of the deals includes the rights to the Toys "R" Us and Babies "R" Us Canada names and logos. Another deal includes assets like inventory, leases and equipment, and the final transaction is for a lease at Vaughan Mills mall.
·Canada
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The Toronto Star+2 Reposted by 2 other sources
Toys “R” Us Canada gets court approval to sell parts of business to three firms
TORONTO - An Ontario court is giving Toys "R" Us Canada permission to split up and sell the business to three buyers, including its current owner who wants to keep running the chain or rebrand it.
·Toronto, Canada
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Coverage Details
Total News Sources31
Leaning Left20Leaning Right0Center6Last UpdatedBias Distribution77% Left
Bias Distribution
- 77% of the sources lean Left
77% Left
L 77%
C 23%
Factuality
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