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Toys“R”Us gets offer for Central European operations

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Toys“R”Us has a buyer for some of its European operations as Smyths Toys Superstores has made an offer of $96.6 million for its stores in Germany, Austria and Switzerland, according to a report filed with the U.S. Securities and Exchange Commission.

Smyths, with registered offices in Ireland and the U.K., wants to rebrand the stores under its own name, according to the report.

Canadian Toys“R”Us operations are slated for purchase by Canadian investment firm Fairfax Financial, which made a $236 million stalking horse bid intended to set the minimum price a bankrupt company will accept for its assets.

Toys“R”Us representatives could not be reached for comment at press time.

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Gabrielle Saulsbery

Gabrielle Saulsbery

Albany, N.Y. native Gabrielle Saulsbery is a staff writer for NJBIZ and the newest thing in New Jersey. You can contact her at gsaulsbery@njbiz.com.

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