Sponsored By

Toys ‘R’ Us Sets $236 Million Baseline for Canadian Business

Fairfax Financial Holdings, a Toronto-based investment firm, has offered approximately $236 million USD for the Canadian arm of Toys ‘R’ Us, according to Retail Dive.

License Global

April 20, 2018

1 Min Read

Fairfax Financial Holdings, a Toronto-based investment firm, has offered approximately $236 million USD for the Canadian arm of Toys ‘R’ Us, according to Retail Dive.

The bid includes a break-up fee and funds to pay bankruptcy claims against the subsidiary.

The news comes after the bankrupt toy retailer extended a bid deadline and rejected an offer Isaac Larian, chief executive officer, MGA Entertainment, for $215 million. Larian’s bid included $675 million to operate 200 U.S. locations, a point that was not included in Fairfax’s bid.

Toys ‘R’ Us has rescheduled the auction for its Canadian unit for April 23 and has asked to schedule a hearing to decide the final bid the following day.

About the Author(s)

License Global

License Global is the leading news source for the brand licensing industry, delivering award-winning editorial content including news, trends, analysis, and special reports about the global consumer product and retail marketplace.

Through its print edition, website, daily e-newsletter and event publications, License Global reaches more than 150,000 executives and professionals in all major markets. The magazine also serves as the official publication for the sector’s trade events, which include Licensing Expo, Brand Licensing Europe, Licensing Expo Japan, Licensing Expo Shanghai and the Licensing Leadership Summit.

Subscribe for updates directly into your inbox.

 

 

 

Subscribe and receive the latest news from the industry Article
Join 62,000+ members. Yes, it's completely free.

You May Also Like