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Could Toys R Us be coming back?

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(AP)- A group of investors is planning a comeback for Toys R Us, in the latest twist for the troubled retail brand.

The group, made up of secured lenders, said Tuesday it’s scrapping an auction for intellectual property assets because it didn’t receive any bids that were better than its own.

The investors said they’ll work with potential partners to develop new ideas for stores in the U.S. and other countries “that could bring back these iconic brands in a new and re-imagined way.”

The reorganized company will control trademarks, e-commerce assets and data related to the Toys R Us and Babies R Us brands.

Toys R Us liquidated its U.S. business earlier this year, after filing for Chapter 11 reorganization following a leveraged buyout that hobbled the company.

 

 



Daniella Hankey

Good Morning West Virginia! Daniella Hankey is the Morning and Noon newscast Anchor. Daniella joined Newswatch as a Multi-Media journalist and quickly moved her way up to an Anchor. Before landing in the beautiful Mountain State, Daniella called her home Orlando, Florida. Armed with a major in Communications and Media Studies and a minor in Education, Daniella relocated to further her career. During her time at Stetson, she covered several big stories on and off campus including the June 2016 Pulse Night Club shooting and Hurricane Matthew. She worked as a news anchor and reporter for her college news station and enjoyed an internship in productions at PBS. Her love for journalism started in high school when she was selected as a Bright House Varsity Reporter as well as the school anchor. When Daniella is not working, you can find her exploring West Virginia especially the Greenbrier and engaging with community members. As a morning anchor, Daniella loves putting a smile on viewers faces in the morning and informing them of community events. If you have any story ideas or news tips, please email Daniella at dhankey@woay.com. You can also follow Daniella on Facebook at DaniellaHankeyTV.


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