Toys “R” Us Canada

Toys “R” Us Canada (also known as simply Toys "R" Us) is a toy retailer owned by Fairfax and based in Canada.[1]

Toys "R" Us Canada
Private
IndustryRetail
Founded1984
FounderCharles Lazarus
Headquarters
2777 Langstaff Road, Concord, Ontario L4K 4M5
,
Canada
Number of locations
83
Area served
  • Canada
Products
OwnerFairfax Financial
ParentToys “R” Us, Inc (1984-2018)
Fairfax Financial (2018-present)
Divisions
  • Babies "R" Us (1996-present)
  • Kids "R" Us (1985–2004)
Websitewww.toysrus.ca

History

The Canadian expansion of Toys "R" Us began operation in 1984. The current company is headquartered in Concord, Ontario.

Bankruptcy of parent company and buyout by Fairfax

Their parent company filed for Chapter 11 bankruptcy protection on September 18, 2017. On February 28, 2018, it was reported that the company was exploring retaining its stronger Canadian operations, and the divestiture of some of its corporate-owned stores to franchises (leaving approximately 200 in a downsized chain).[2] Toys "R" Us Inc. later announced in March that all U.S. locations would be closed.[3][4] It was later sold to Fairfax Financial on June 1, 2018,[5] and currently the chain comprises 82 stores which continue to operate under the Toys "R" Us name following the liquidation of Toys "R" Us in the United States, which led to a comeback in December 2019 for the holiday season and when Tru Kids Inc took over the US divison.

References
  1. Verdon, Joan (24 April 2018). "Toys R Us will live on in Canada, but so far, not in the U.S." USA TODAY. Retrieved 7 February 2020.
  2. Hirsch, Lauren (March 14, 2018). "Toys R Us is exploring a plan that could keep 200 stores open even after liquidation". CNBC. Retrieved March 14, 2018.
  3. Bhattarai, Abha (March 14, 2018). "Toys R Us to close all 800 of its U.S. stores". The Washington Post. Retrieved March 14, 2018.
  4. Isidore, Chris (March 14, 2018). "Toys 'R' Us will close or sell all US stores". CNN.com. Retrieved March 14, 2018.
  5. "Toys 'R' Us will live on in Canada". Chain Store Age. Retrieved 2020-02-11.
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