Toys 'R' Us brand may be brought back to life

Toys "R" Us may be coming back.The company closed all of its US stores in June as part of a bankruptc...

Posted: Oct 3, 2018 1:24 PM
Updated: Oct 3, 2018 1:24 PM

Toys "R" Us may be coming back.

The company closed all of its US stores in June as part of a bankruptcy liquidation. But the owners of the company's remaining assets are looking into restarting the business, as well as the related Babies "R" Us brand, the company disclosed in a court filing this week.

Toys "R" Us had planned to auction off the rights to its name and the Babies "R" Us brand. Bidders had already made offers for them, according to the filing. But the company's owners decided to cancel the auction.

The company said it is considering "a new, operating Toys 'R' Us and Babies 'R' Us branding company," the filing said. 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."

The details of when and how the brand would be brought back to life were not disclosed.

The fact that other bidders were interested in buying the name doesn't necessarily mean that others were looking to bring it back to life. Companies often buy the brands of out-of-business competitors in bankruptcy court to make sure the brand can't be used again by a new rival. Details of who was looking to buy the Toys "R" Us brand also was not disclosed in the bankruptcy filing.

Toys "R" Us filed for bankruptcy a year ago, with the plans to use the reorganization process to shed debt and remain in business. But after a disastrously bad Christmas shopping season the company announced in March that it would close its remaining 800 US stores and go out of business.

That cost about 31,000 workers their jobs. The 70-year old retailer shut down in June.

West Lafayette
Overcast
67° wxIcon
Hi: 82° Lo: 64°
Feels Like: 67°
Kokomo
Overcast
67° wxIcon
Hi: 80° Lo: 62°
Feels Like: 67°
Rensselaer
Overcast
63° wxIcon
Hi: 80° Lo: 61°
Feels Like: 63°
Fowler
Overcast
63° wxIcon
Hi: 80° Lo: 62°
Feels Like: 63°
Williamsport
Overcast
62° wxIcon
Hi: 81° Lo: 63°
Feels Like: 62°
Crawfordsville
Overcast
62° wxIcon
Hi: 81° Lo: 62°
Feels Like: 62°
Frankfort
Overcast
68° wxIcon
Hi: 81° Lo: 60°
Feels Like: 68°
Delphi
Broken Clouds
69° wxIcon
Hi: 81° Lo: 62°
Feels Like: 69°
Monticello
Broken Clouds
69° wxIcon
Hi: 80° Lo: 62°
Feels Like: 69°
Logansport
Scattered Clouds
72° wxIcon
Hi: 80° Lo: 61°
Feels Like: 72°
Dry, windy, very warm weather, followed by scattered rain & much cooler conditions.
WLFI Radar
WLFI Temps
WLFI Planner

Indiana Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 115407

Reported Deaths: 3566
CountyConfirmedDeaths
Marion21196765
Lake10493323
Elkhart6528110
St. Joseph6392106
Allen6178202
Hamilton4848109
Vanderburgh360930
Hendricks2715123
Monroe256036
Tippecanoe239113
Johnson2305123
Clark221457
Porter213647
Delaware194262
Cass19419
Vigo182526
Madison164375
LaPorte142340
Floyd135862
Howard130563
Warrick128038
Kosciusko121617
Bartholomew116457
Marshall100824
Dubois96919
Boone96846
Hancock92143
Grant91934
Noble90832
Henry79826
Wayne75414
Jackson7499
Morgan71638
Shelby67229
Daviess66328
Dearborn66028
LaGrange63411
Clinton59914
Harrison57624
Putnam56412
Knox5159
Gibson5114
Lawrence51129
Montgomery50821
White48514
DeKalb47611
Decatur45839
Miami4353
Greene42435
Fayette42113
Jasper3942
Steuben3807
Scott37311
Sullivan33712
Posey3240
Jennings31312
Franklin30725
Clay3005
Ripley2968
Orange28824
Carroll27413
Whitley2707
Washington2651
Wabash2648
Starke2637
Adams2613
Wells2614
Jefferson2483
Spencer2413
Fulton2382
Huntington2363
Tipton22622
Perry22113
Randolph2167
Jay1800
Newton17311
Owen1681
Martin1640
Rush1554
Pike1471
Vermillion1280
Fountain1232
Blackford1193
Pulaski1131
Crawford1050
Brown1043
Parke962
Benton880
Ohio787
Union780
Switzerland690
Warren391
Unassigned0226

COVID-19 Important links and resources

As the spread of COVID-19, or as it's more commonly known as the coronavirus continues, this page will serve as your one-stop for the resources you need to stay informed and to keep you and your family safe. CLICK HERE

Closings related to the prevention of the COVID-19 can be found on our Closings page.

Community Events