Toys-R-Us Finds Bidders in Asia

By Nick Baum

THURSDAY – 4/12/18

Toys-R-Us, the popular store selling toys for kids of all ages has been in the midst of wind down, with sales coming in low every month. Just a few months ago, the company said they will close business, with them looking for buyers and that they will liquidate all their products that were not sold.

Luckily for Toys-R-Us, the company’s chain of businesses in Asia has gotten multiple bidders above $1 Billion dollars, with $80 million being granted to the Toys-R-Us company itself. The decision has come after Toys-R-Us sales skyrocketed, reportedly ever since they announced their closure.

Toys-R-Us also released a statement, saying that this brings new hope for them to find bidders else where in the world, and means that the chain could stay alive, just with new owners. It is unclear when the company’s asian chain will be sold.

Sources: The Wall Street Journal, The Independent, Reuters

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Nick

Hey, I'm head of The Daily Nick. Other interests include soccer, photography, and arguing with people who disagree with me.

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