TORONTO — An Ontario court has given Toys “R” Us Canada permission to split up and sell the business to three buyers, including its current owner who wants to keep running the chain or rebrand it.
Judge Jane Dietrich approved the trio of deals that will help the beleaguered retailer pay off some of the millions in debt it accumulated in the run-up to filing for creditor protection in February.
The first of the deals will sell the rights to the Toys “R” Us Canada and Babies “R” Us Canada names and logos along with 150 of their trademarks to Ad Populum.
U.S.-based Ad Populum and its affiliates
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