Corporate Brand Toys & Games 

Smyths Toys to take over ‘Toys R Us’ in Germany, Austria and Switzerland

The Irish toy retailer Smyths Toys Superstores has signed a deal to take over ‘Toys R Us’ in Germany, Austria and Switzerland, according to a report in Global License. The transaction was revealed by the German arm of the insolvent retailer on Saturday. No financial details were disclosed yet. However, no official confirmation has come from both the parties. The deal is subject to the approval of the US court and relevant authorities. As per the deal, Smyths will acquire 93 shops and four online stores. The Irish company, Smyths,…

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Corporate Brand Toys & Games 

MGA Entertainment CEO submits bid to buy ‘Toys R Us’, gets rejected

A month after ‘Toys R Us’ announced its decision to shut-down all of its stores in the US, UK and Canada to pay off its debts, Isaac Larian, chief executive officer, MGA Entertainment, has submitted a formal bid to buy the retailer in both US and Canada. According to a report in the License Global, Larian has made a USD 675 million offer for the US arm of the company, whereas, has offered USD 215 million for the retailer’s Canadian counterpart. According to MGA Entertainment, the funds would come from…

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Corporate Brand Toys & Games 

Toys R Us unveils final store closures. Check out the dates here

Toys R Us have confirmed the closing dates of the final Toys R Us stores in the UK. Earlier, the company had confirmed it was no longer accepting returns for refunds and shoppers can no longer make orders on its website. The joint administrators of Toys R Us have announced that the final 75 stores in the UK will close by Tuesday 24 April, affecting more than 2,000 jobs. The 2,054 employees have been told and will be paid up to and including their last day of work. Stores will…

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