Episode Details

Toys R Us Canada Initiates Formal Sale Process Amid Restructuring: Aiming for Going-Concern Sale to Save Brand and Jobs

Toys R Us Canada is moving forward with a formal sale process for its business or assets, seeking to maximize value for creditors while keeping stores open. The retailer, which filed for creditor protection in February 2026, aims to complete the sale by mid-July, with a focus on a going-concern sale to preserve the brand and jobs. The companys store count has decreased from 81 to 22, and it faces significant financial strain with nearly $500 million in liabilities and a $170 million net loss over ten months. Staff numbers have dropped to around 510, and gift card holders face fewer redemption options. The sale process aims to find a path forward amid these challenges.

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