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Toys ‘R’ Us Canada Owner Trying to Keep Business Open, May Rebrand: Court Docs
- Putman Investments, led by Ancaster, Ont-based entrepreneur Doug Putman, seeks court approval Monday to acquire 10 Toys "R" Us Canada store leases, inventory, and equipment to keep the retailer operating or rebrand the business.
- The struggling retailer has operated under creditor protection since February, owing at least $120 million to vendors and "substantial" amounts to various landlords after shrinking from 53 locations to 15 within about two years.
- Putman Investments holds a license to use the brand name until Jan. 25, 2027, while American toy brand manager Populum is also seeking to purchase rights to about 150 trademarks in a separate court proceeding.
- Separately, Israeli retailer Fox Group Jumbo Canada is seeking approval to acquire the lease for the Vaughan Mills location, with the court expected to decide on that sale on Monday as well.
- If it cannot extend its current licensing agreement, the company, which also operates Northern Reflections, HMV, Sunrise Records, Ricki's, and Cleo, may eventually choose to rebrand the business.
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14 Articles
14 Articles
Toys "R" Us Canada seeks to maintain its operations after being placed under the protection of the Creditors Act in February.
·Montreal, Canada
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Toys ‘R’ Us Canada owner trying to keep business open, may rebrand: court docs
The owner of Toys “R” Us Canada is trying to buy some of the retailer’s assets so it can keep the chain going or rebrand the beleaguered business that has been in creditor protection since February.
·Canada
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The Toronto StarReposted by 
The Hamilton Spectator
The Hamilton SpectatorToys “R” Us Canada owner trying to keep business open, may rebrand: court docs
A lawyer representing a numbered company that owns the retailer has filed a letter in court saying his client has a licence to use the Toys "R" Us name until
·Toronto, Canada
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Winnipeg Free Press+5 Reposted by 5 other sources
Toys "R" Us Canada owner trying to keep business open, may rebrand: court docs
The owner of Toys
·Winnipeg, Canada
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Coverage Details
Total News Sources14
Leaning Left7Leaning Right0Center4Last UpdatedBias Distribution64% Left
Bias Distribution
- 64% of the sources lean Left
64% Left
L 64%
C 36%
Factuality
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