parade: After joining the parade of retailers that never recovered from the recession and radical changes in the way consumers shop, a group of investors is planning a comeback for Geoffrey the giraffe and his crew, according to The Toronto Star. Carlos Osorio / Toronto Star The group, made up of secured lenders, said in a bankruptcy court filing Tuesday that it's scrapping an auction for Toys R' Us assets despite receiving a number of qualified bids. After joining the parade of retailers that never recovered from the recession and radical changes in the way Americans shop for toys and everything else, a group of investors is planning a comeback for Geoffrey the giraffe and his crew. The group now believes that it stands a better chance of a realizing a return on its investment by potentially reviving the toy chain, rather than selling it off for parts. The investors said they'll work with potential partners to develop new ideas for stores in the U.S. and other countries that could bring back these iconic brands in a new and re-imagined way. The group will attempt to establish a company that maintains existing global license agreements and can invest in and create new, domestic, retail operating businesses under the Toys R' Us and Babies R' Us names.
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