Former Toys R Us CEO Jerry Storch has reportedly been meeting with potential investors to reboot the famous retail chain.
According to Bloomberg, Storch has been seeking out various investment groups in order to secure funding for a potential reboot of Toys R Us. This includes Fairfax Financial Holdings, which previously absorbed the Canadian branches of Toys R Us.
Though details are scarce due to the privacy of the meetings, the reboot is reportedly feasible. Storch will need to win a bankruptcy auction for the Toys R Us IP within a month, which is separate from the real estate sale of former Toys R Us locations that will be critical for the potential reboot.
Source: IGN.com Former CEO Reportedly Hoping to Reboot Toys R Us