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we still have these stores in Canada, where they not the same business? https://www.toysrus.ca https://www.toysrus.ca
by emkoemko 1y ago
we still have these stores in Canada, where they not the same business? https://www.toysrus.ca https://www.toysrus.ca
- toast0 1y agoWikipedia 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 1y agooh that makes sense
- dannyphantom 1y agoThey 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.