Reboot? Former Toys “R” Us CEO Working to Bring Back Store Chain
Bloomberg reported that Jerry Storch, a former CEO of Toys “R” Us is working with investors on a “reboot” of the retail chain, citing their source as “people familiar with the situation”.
Fairfax Financial Holdings Ltd., the company that acquired the Canadian unit of Toys “R” Us is said to be involved. The report also states that for the revival to happen, Storch’s group needs to win the Toys “R” Us intellectual property in an auction about a month from now, lest it ends up in the hands of a competitor more interested in preventing its reuse by another rival.
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