LOL Surprise Maker And Other Toy Companies Plan To Bid On ToysRUs

Posted: Mar 15 2018, 1:23pm CDT | by , Updated: Mar 16 2018, 2:56am CDT, in News | Toys

 
LOL Surprise Maker and Other Toy Companies Plan to Bid on ToysRUs

Toy makers plan to buy Canadian ToysRUs and some US stores.

The potential buyer of the behind the Canadian ToysRUs business and 200 Us stores are toy makers. The initiative is led by MGA Entertainment, who makes the L.O.L. Suprise toys and many other popular toys.

Isaac Larian, MGA’s founder, and the chief executive officer said in an interview with Bloomberg "If there is no Toys ‘R’ Us, I don’t think there is a toy business," Larian said in an interview. "At the right price, it makes economical sense."

An update on this plan could come as early as today. At 2 pm ET a hearing started at the bankruptcy court in the ToysRUs case. There is still a chance that some ToysRUs stores will remain. The toy industry is losing a major channel toy sales through the shut down of ToysRUs. A lot would need to change though to make ToysRUs stores relevant again.

Earlier today, ToysRUs announced to close all stores in the United States and winding down US operations. The toy retailer is under bankruptcy protection since September of 2017. A miserable holiday shopping season that yield sales below worst-case projections trigger now the complete shut down of ToysRUs.

ToysRUs will start the process of closing sales at 735 remaining ToysRUs U.S. stores, including stores in Puerto Rico. While its open to you to score some closing sale toy deals or not, you definitely need to make sure to use your ToysRUs gift cards now. ToysRUs gift cards will be worthless very soon.

The ToysRUs closing sales begin soon according to a statement on the ToysRUs site. Expected savings will be up to 30%, based on the discounts we see in the ToysRUs closing sales in the UK.

Check out also our Easter Toy Gift Guide for 2018. Get the free Tracker app to get notified when the hottest toys and most wanted amiibo of 2018 are in stock online. You can already subscribe to be notified when Pomsies, Fur Babies World, 5 Surprise ball, and more hot 2018 toys are in stock.

Read the latest hot toy news, shop the best-selling toys and follow us on Twitter for hottest toy announcements of 2018 at the Toy Fair 2018 in New York. See also the highlights of the Spielwarenmesse 2018 in Nuremberg and Toy Fair 2018 in London.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
Luigi can be contacted directly at ml[@]i4u.com.

 

 

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