Followers | 2426 |
Posts | 90822 |
Boards Moderated | 7 |
Alias Born | 09/12/2003 |
Friday, February 16, 2024 2:58:34 PM
Toys "R" Us ANZ Ltd, the Australian and New Zealand subsidiary of Toys "R" Us, was not known to have filed for bankruptcy. However, the global parent company, Toys "R" Us, did file for bankruptcy in the United States in 2017, which led to the closure of many of its stores in various regions. The company's assets and operations were subsequently restructured. In 2018, the Canadian division of Toys "R" Us was sold, and it continued to operate under a new ownership structure.
Tru Kids Brands, a company formed by a group of investors, including Richard Barry, the former Chief Merchandising Officer of Toys "R" Us, took over the ownership and operations of Toys "R" Us after it emerged from bankruptcy in 2018. Tru Kids Brands was focused on reimagining and revitalizing the Toys "R" Us brand.
WHP Global was indeed a key player involved in the revival and rebranding of the Toys "R" Us brand. WHP Global is a brand management company that acquired a controlling interest in Tru Kids Brands, which was responsible for the operations of Toys "R" Us.
WHP Global and its partners have been working to revive the Toys "R" Us brand and reimagine the toy retail business.
WHP Global is a leading New York based firm that acquires global consumer brands and invests in high-growth distribution channels including digital commerce platforms and global expansion. WHP owns ANNE KLEIN®, JOSEPH ABBOUD®, JOE'S JEANS®, BONOBOS®, ISAAC MIZRAHI®, LOTTO®, TOYS"R"US®, BABIES"R"US®, and a 60% interest in the EXPRESS® brand. The company signed an agreement to acquire the G-STAR RAW brand. Collectively the brands generate over USD $7 billion in global retail sales. The company also owns WHP+, a turnkey direct to consumer digital e-commerce platform, and WHP SOLUTIONS, a sourcing agency based in Asia.
For more information, please visit https://www.whp-global.com
According to a release from the company, Toys “R” Us is joining with Go! Retail Group to roll out flagship stores across the U.S. beginning in 2024. Locations will include airports and cruise ships, starting in November with the Dallas Fort Worth International Airport.
https://www.al.com/news/2023/10/toys-r-us-opening-stores-across-us-here-is-where-first-location-will-be.html
According to the Toys “R” Us website, they have reopened in 9 states in the US, including California, Georgia, Illinois, Louisiana, Maryland, Missouri, Nevada, New Jersey, and New York.
Published: Oct. 02, 2023, 6:46 a.m. This news has caused the stock to increase from $0.01 to $0.20, a gain of 2000% in one day.
https://www.al.com/news/2023/10/toys-r-us-opening-stores-across-us-here-is-where-first-location-will-be.html
Mon, October 2, 2023 at 2:43 PM Toys R Us Making Big Comeback With 24 New Retail Stores
https://www.yahoo.com/news/entertainment/toys-r-us-making-big-194320278.html
https://www.usatoday.com/story/entertainment/life/2023/10/02/toys-r-us-expansion-2024/71037352007/
https://www.businesswire.com/news/home/20230926752608/en/
WHSmith Set to Bring Toys"R"Us® Back to the High Street for UK Shoppers This Summer
https://finance.yahoo.com/news/whsmith-set-bring-toys-r-124400130.html
Macy’s Partnership Signals A Brand New Future For Toys R Us
https://www.forbes.com/sites/joanverdon/2022/10/17/macys-partnership-signals-a-brand-new-future-for-toys-r-us/?sh=10b5405a42a6
https://www.retail-insight-network.com/news/whp-global-toysrus-airport/?cf-view
Toys"R"Us ANZ Limited (TOYRF) USA.
Toys"R"Us ANZ Limited (TOY.AX) ASX - ASX in AUD
Toys“R”Us ANZ Limited (ASX: TOY) is an Australian-based listed company with a mission to enrich the lives
of people by encouraging exploration, creativity and living life more fully through the enjoyment of toys
and hobbies. In addition to distributing leading products throughout Australia for key partners via its
trading business Funtastic, the company recently acquired 100% of the Hobby Warehouse Group in
November 2020, including Australian e-commerce websites Toys“R”Us, Babies“R”Us and Hobby
Warehouse and the distribution business Mittoni Pty Ltd. The Company changed its name from Funtastic
Limited to Toys“R”Us ANZ Limited on the 24 June 2021. Further information is available at
https://corporate.funtastic.com.au/
Year ended 31 July 2023 O/S 863,086,674
Year ended 31 July 2022 O/S 861,861,148
Major Holders Breakdown
60.51% % of Shares Held by All Insider
5.05% % of Shares Held by Institutions
12.79% % of Float Held by Institutions
1 Number of Institutions Holding Shares
Shareholder Information:
https://corporate.funtastic.com.au/investors/asx-announcements/
Outlook and Strategic Plan
The Company is focused on putting in place cost structures and operating strategy to ensure that it reaches profitable
operations by end of Q1 2024 and continues to pursue its aspirations of driving top line growth and deploying capital efficiently
to achieve its medium-term goal of 5% market share penetration in the toys, baby and hobby markets in ANZ.
The Company plans to accelerate and scale Toys“R”Us, Babies“R”Us and Hobby Warehouse operations in Australia under new
leadership, with improved merchant and marketing capability, and more productive technology enabled footprint as well as
investigating expansion through physical partners.
The Company continues to review strategic options to expand and realise its growth ambitions by identifying suitable business
opportunities in addition to the growth initiatives reported above.
Significant changes in the state of affairs
UK license and operations
Prior to year end, the Group have made the decision to restructure and refocus on the ANZ operation and has reached
agreement in principle with TRU Kids Inc (TRUK) to surrender the UK licence and exit the UK operations. The Group agreed to
facilitate an orderly transition of the UK business and the transfer of its UK licence to TRUK by 31 January 2024. Official
announcement was issued to the ASX on the 15th August 2023.
A MUST READ!
Investor Presentation
https://wcsecure.weblink.com.au/pdf/TOY/02677262.pdf
All of my posts reflect my personal opinions only. Please refrain from making any buying or selling decisions regarding securities based on my posts. I am not a financial advisor; you are the only one responsible for your trades and investment decisions! I do not receive any form of compensation, whether in cash or shares, from any company or third party mentioned in my posts.
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM