Toys

Toys 'R' Us Lenders Cancel Bankruptcy Auction At Last Minute

Toys 'R' Us may be saved after all, after lenders cancelled its bankruptcy auction at the last minute - saving its brand name and much-loved Geoffrey The Giraffe logo.

Toys 'R' Us Lenders Cancel Bankruptcy Auction At Last Minute

It will also give hope to the people who lost their jobs when the toy shop closed at the end of April.

 

Geoffrey the Giraffe pictured looking dejected and leaving the store for one final time, pulled at the heartstrings of us all - but US court filings show he could be coming out of retirement.

 

Geofrey
Geofrey

Unfortunately the revival is only expected in the US for now, before a potential reopening of stores in the UK.

But don't get your hopes up for this Christmas. As saddening as it is for Geoffrey, the move would come way too soon.

 

Of course, these things happen for a reason - with many of us now shopping online.

Our spending habits led to 106 stores closing in the UK and the loss of 3000 jobs, taking the magic of shouting "I want that" at literally everything away from today's youth.

In the US, 800 stores were closed resulting in 33,000 job losses.

If at least it sold Fortnite, it might just have had a chance...

Children of today, eh? They just don't want to do jigsaws or bounce around on Space Hoppers any more.
 

Featured Image Credit: PA Images