Latest Toys R Us Savior is Rebuffed

According to Reuters:

Bankrupt retailer Toys “R” Us has rejected an $890 million bid for some of its U.S. stores and locations in Canada from the CEO of Bratz doll maker MGA Entertainment Inc, a person familiar with the matter said on Tuesday.

Last week, MGA Chief Executive Officer Isaac Larian, who said the wind-down of Toys “R” Us would hurt the toy industry long-term, offered $675 million for the U.S. stores, and $215 million for Canadian stores.

It's another piece of disappointing news for those that would like to see the iconic chain survive, as well as for the tens of thousands of people whose jobs are at stake.

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