In what is great news for our fellow Transformers fans in Canada as well as thousands of employees, two press releases today confirm that Toys R Us Canada is here to stay!
We noted in April that Fairfax Financial Holdings submitted a bid for the Canadian equity of Toys R Us according to the ongoing U.S. bankruptcy case. That bid ultimately proved successful.
Toys R Us Canada is now a proudly Canadian-owned and operated business employing more than 4,000 Canadians and Canada’s only exclusive coast to coast business with over 80 locations dedicated to kids and babies across Canada. As Canada’s leading toy and baby retailer, we are thrilled to be part of the Fairfax family and to now operate as a reinvigorated company that is 100% Canadian. I would like to extend a heartfelt thank you to our valued customers for their loyalty with us over the last several months.
This news ironically arrives on the very same same day of the U.S. corporate headquarters liquidation sale and not long after Australia’s branch entered administration. Read the full press releases here and then join in the discussion threads on the 2005 boards!