Toys “R” Us Canada’s owner is trying to keep the retailer operating, according to court documents filed by a lawyer representing a numbered company that holds the business. The filings indicate that Putman Investments hopes to extend its licence or rebrand the retailer once the current licence expires in January. The company is described as attempting to pursue an approach that could involve keeping the chain going by acquiring some of the retailer’s assets, or alternatively changing the brand if an extension is not possible. The retailer has been in creditor protection since February, and the documents are presented as part of the legal process surrounding its restructuring. The court filings also suggest that the owner is seeking options to preserve value and continuity for the business during the period leading up to the licence expiry. Details about the specific assets involved or the final outcome of the request are not stated in the excerpts provided. However, the documents characterize the licence extension or rebranding as potential paths under consideration to address the retailer’s ongoing financial and legal situation.
Toys “R” Us Canada owner seeks licence extension or rebranding as court filings proceed
Toys “R” Us Canada’s owner is trying to keep the retailer operating, according to court documents filed by a lawyer representing a numbered company that holds the business. The filings indicate that P...
- Putman Investments is the owner of Toys “R” Us Canada, according to court documents.
- The current licence is set to expire in January, and the owner seeks to extend it.
- The owner also explores rebranding as an option if the licence is not extended.
- The retailer has been in creditor protection since February.
- Court filings describe the owner’s efforts as potentially involving acquiring some of the retailer’s assets.
Putman Investments hopes to extend its licence or rebrand the business when it expires in January, according to a letter filed in court
17 hours agoThe owner of Toys “R” Us Canada is trying to buy some of the retailer’s assets so it can keep the chain going or rebrand the beleaguered business that has been in creditor protection since February. A lawyer representing a numbered company that owns the retailer has filed a letter in court saying his client […]
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