Quote:
Originally Posted by Slava
Fairfax Financial.
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As I mentioned a few posts up, Fairfax sold it to the Putnam family of Putnam Investments who owns Sunrise Records (which took over HMV). However, Fairfax seems to still own all the Toys R Us real estate from the original deal as well as get some kind of royalties from the arrangement. Ultimately this is good because its owned by a family owned company now that reinvests the profits here instead of sending a bunch to the parent Toys R Us in the USA that went bankrupt.
The difficulty for Toys R Us to open back up in the United States is that they don't have the 40 year old real estate footprint anymore which was a significant advantage for Toys R Us to have ownership of those big stores and lots.