Toys “R” Us Stores Attract Potential Buyers

Following last week’s news that Toys “R” Us will shut down all U.S. stores and plans to sell its operations in Canada, Central Europe, and Asia, Bloomberg reports that Amazon.com Inc. is currently looking to acquire Toys “R” Us locations.

According to Bloomberg, Amazon does not intend to maintain the brand, but would use the empty store spaces to expand its physical store presence. Last year, Amazon announced plans for its brick-and-mortar strategy following its $13.7 billion deal with Whole Foods Market.

Additionally, last week MGA Entertainment’s (MGA) CEO, Isaac Larian, and affiliated investors made a bid for the Toys “R” Us Canada operations. The group may also perform due diligence on Toys “R” Us in the U.S., according to a report from Bloomberg.

About the author

Stephanie Grassullo

Stephanie Grassullo is an associate editor at Adventure Publishing Group. In addition to handling toy and licensing news and updates for The Toy Book and The Licensing Book, Stephanie also writes toy reviews and commentaries for the Toy Insider. When she’s not binge-watching old episodes of Gossip Girl, Stephanie is always game for Boggle tournaments—she’s the titleholder Boggle champion in her family, and proud of it! Stephanie firmly believes that there is no awkward moment that can’t be remedied with the help of Bop It. To get to know her better, follow her on Twitter @steph_grass.