When Toys 'R' Us and Babies 'R' Us closed over the summer, kids and kids-at-heart were devastated. Childhoods everywhere died that day.
Well, it looks like our childhoods will be given new life, if recent reports are to be believed.
In a bankruptcy court filing from Tuesday, investors reached a decision to scrap an auction for Toys R Us assets. The investors also stated that they may be able to make a return on their investments if they revive the toy chain. They believe that they can make more be bringing back the chain, than by just selling it "for parts."
Additionally, the investors spoke about their mission for the toy stores:
"It will be a company that maintains existing global license agreements and can invest in and create new, domestic, retail operating businesses under the Toys 'R' Us and Babies 'R' Us names."
They will also be working alongside potential partners to come up with new ideas for both Toys and Babies.
My Two Cents
I'm excited that Toys R Us and Babies R Us may be returning. It is a childhood staple that needs to stay in our lives forever.
I just hope that the investors don't revamp the chain too much. Toys and Babies both have a magic to them. Modernizing it could take the magic away.
Investors, don't be playing with us. You know we all love Toys R Us and Babies R Us! We are still fragile from the loss. If you're bringing it back, you better bring it back!
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