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Don’t call it a comeback! Every young child’s dream store may be coming back after news reported that hundreds of the chain stores were closed down for good.
It’s now being reported that a group of investors are planning a comeback for the retail store. The group, which includes secured lenders, is canceling the bankruptcy auction.
Toys ‘R’ Us filed for bankruptcy in 2017, and the company announced that all of its chain stores would be closing. Now, it is said the brand is “way too valuable” to give it up. This also includes Babies ‘R’ Us as well.
The company said it’s considering “a new, operating Toy’s ‘R’ Us and Babies ‘R’ Us branding company, the plan would create new, domestic, retail operating businesses under the Toys ‘R’ Us and Babies ‘R’ Us names, as well as expand its international presence and further develop its private brands business.”
It’s not for certain if the toy store will make its return as of yet, but check back in for updated information.