Amazon Has Considered Buying Some Toys 'R' Us Stores

Amazon Has Considered Buying Some Toys 'R' Us Stores

Amazon Has Considered Buying Some Toys 'R' Us Stores

Even as Toys "R" Us liquidates in the United States, it is trying to maintain business-as-usual in Canada, Europe and Asia, where it hopes to find a buyer.

The news comes as Amazon seems to be expanding its brick-and-mortar presence. The Seattle-based company also has opened its own line of bookstores and a convenience-store concept. In 2015, Bloomberg notes, Amazon considered buying some closed down Radio Shack locations, but ultimately opted against doing so.

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Toys "R" Us has said it's closing or selling its 740 stores as well as its worldwide operations, with filings showing the company has received "several" non-binding offers for all or parts of the European business and has asked for offers for the Asian-Pacific business by early April. Nothing came of the talks.

The company, which filed for bankruptcy in September, announced plans to shut down its US operations last week.

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It is also seeking approval for a series of USA liquidation procedures including a halt to more than US$450 million in supplier payments as part of a plan that experts told Reuters could cause many small toy makers to disappear. But its Canadian unit is up for sale, along with its operations around the world.

Toys "R" Us has been holding out hope that an entity will buy the Canadian unit, which was in better shape financially than the USA business.

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