WORLD NEWS

Isaac Larian confirms Toys R Us bid figures

Published on: 13th April 2018

Reports suggest that Issac will bid $675m dollars for 274 US stores and the brand name, plus a further $215m for the Canadian business. 

Isaac, CEO of MGA Enterprises, has announced plans to formally submit a bid this week for more than 300 stores in the US and Canada.

According to The Associated Press, Isaac plans to submit a formal bid of $675m to buy 274 Toys R Us stores and use the brand name to the bankruptcy court on Friday. The money will come from his own coffers, other investors and bank financing. He, along with other investors, also plans to bid $215m for the Canadian business of 82 stores.

MGA Entertainment, which also produces Little Tikes and is based in Van Nuys, California, has nearly one in every five sales of its products rung up at a Toys R Us store.

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