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emkoemko | 10 months ago

we still have these stores in Canada, where they not the same business? https://www.toysrus.ca

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toast0|10 months ago

Wikipedia says the Canadian company was owned by the US company until its bankruptcy, when the Canadian company was sold. Very likely, it had operated with separate finances from the US parent, and didn't have the same sort of loans and extraction activities. So when the US firm went bankrupt, there was interest from multiple bidders for the Canadian assets.

emkoemko|10 months ago

oh that makes sense

dannyphantom|10 months ago

They used to be connected; it was split in ~2017(ish) with the Canadian division having been bought while the US stores closed all locations. Doug Putman bought it in 2021 and I saw an article about 3 or 4 months ago that Putman took on ~$120M in debt financing to scale out the org.