Doug Putman, founder of Putman Investments, visits a Toys’R’Us store in Hamilton, Ontario earlier this summer with his daughter Hadley and niece Anna Gloria | Source: Putman Investments

The owner of FYE, Everest Toys, Sunrise Records, and HMV is adding a familiar giraffe to its portfolio.

Putman Investments, a family-owned, Canadian company, has entered into a deal to purchase Toys “R” Us (TRU) and Babies “R” Us Canada from affiliates of Fairfax Financial Holdings Ltd. In 2018, Fairfax took TRU Canada private as a standalone company following the collapse of TRU in the U.S. and abroad.

“Toys ‘R’ Us and Babies ‘R’ Us are extremely strong brands that have been in great hands over the past three years,” says Doug Putman, founder of Putman Investments. “Since its split from the U.S., we’ve watched the way in which the company has grown and focused on the Canadian customer. Much has been achieved and we’re excited to help to drive the business forward.”

Related: WHP Global Acquires Controlling Interest in Tru Kids Inc., Toys “R” Us

According to Fairfax Chairman and CEO Prem Watsa, Fairfax will retain “substantially all” of the real estate acquired during the purchase of TRU Canada. The retention of those properties signals an ongoing relationship between Putman and Fairfax as TRU stores will continue to lease space going forward.

Additionally, WHP Global made a deal with Macy’s to bring Toys “R” Us back to families in the U.S.

About the author

James Zahn

James Zahn

James Zahn, AKA The Rock Father, is Editor-in-Chief of The Toy Book, a Senior Editor at The Toy Insider and The Pop Insider, and Editor of The Toy Report, The Toy Book‘s weekly industry newsletter. As a pop culture and toy industry expert, Zahn has appeared as a panelist and guest at events including Comic-Con International: San Diego (SDCC) Wizard World Chicago, and the ASTRA Marketplace & Academy. Zahn has more than 30 years of experience in the entertainment, retail, and publishing industries, and is frequently called upon to offer expert commentary for publications such as Forbes, Marketwatch, the Wall Street Journal, the New York Times, USA Today, Reuters, the Washington Post, and more. James has appeared on History Channel’s Modern Marvels, was interviewed by Larry King and Anderson Cooper, and has been seen on Yahoo! Finance, CNN, CNBC, FOX Business, NBC, ABC, CBS, WGN, The CW, and more. Zahn joined the Adventure Media & Events family in 2016, initially serving as a member of the Parent Advisory Board after penning articles for the Netflix Stream Team, Fandango Family, PBS KIDS, Sprout Parents (now Universal Kids), PopSugar, and Chicago Parent. He eventually joined the company full time as a Senior Editor and moved up the ranks to Deputy Editor and Editor-in-Chief.