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Toys News:

Toys R Us files for bankruptcy in US and Canada

Global retailer, Toys R Us, has filed for bankruptcy protection in the US and Canada in a bid to restructure its outstanding debt and establish a sustainable capital structure. The retailer’s operations throughout Europe and Australia, including around 255 licensed stores, and a joint venture in Asia are not a part of the bankruptcy filing. “Today marks the dawn of a new era at Toys R Us, where we expect that the financial constraints that have held us back will be addressed...


Tomy announce nationwide Toomies playdates with Smyths

Tomy has revealed plans for a series of Toomies playdates at Smyths stores across the UK to introduce kids and parents to the toy line. The Toomies will visit three locations in West Sussex, North West London and West Midlands, throughout September and October, offering kids the chance to play with the line with friends and family. UK child development experts from Fundamentally Children will join TOMY to host the playdates, offering visitors a first look at new releases including Sort ...


Jumbo MD Stewart Middleton departs

After two and half years at the helm of game and puzzles manufacturer Jumbo Games, Stewart Middleton (pictured left) is departing from his role as MD. Since joining the company in 2015, Middleton has worked closely with the team, focusing on the company’s core strengths. He has also been instrumental in delivering a strategic approach that has seen the company maintain its position as the UK’s number one adult puzzle and accessories, and to continue its 2016 growth in the ad...


Character Group finance director steps down

Global toy company, Character Group, has ousted Mark Dowding from his post as group finance director. The firm revealed that his contract of employment has been terminated with immediate effect due to a ‘loss of confidence in him by the senior executive team’. Joint MD, Kiran Shah, will take on Dowding’s duties as finance director and company secretary. In a statement the company said: “This board change does not reflect any circumstances relating to the trading ...


New reports suggest Toys R Us bankruptcy claim before Christmas

International toy retailer Toys R Us may file for bankruptcy as soon as the next few weeks, sources close to the retailer have suggested. The Wall Street Journal stated that the company was considering filing for Chapter 11 protection in the US Bankruptcy Court, but the retail chain has yet to officially comment upon these claims. The move comes as part of its potential plan to restructure around $400 million in debt, which is due in 2018. Many have speculated the move comes as part of ...


Acamar eyes international toy expansion with Bing

Expansion into new international markets is on the cards for Acamar’s hit property Bing, thanks to its partnership with Fisher-Price. The toy firm has extended its deal as global master toy partner for the animated series, which will see Bing head into the role-play and learning category with new toys. “We were delighted to announce this month that we have extended our partnership and we will be working collaboratively to expand the Bing toy programme, particularly in the ro...


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