He's CEO of Bratz doll-maker MGA Entertainment, which relies on Toys R Us for nearly 1 in every 5 sales. They're interested in more than half the 735 U.S. stores Toys R Us plans to liquidate, and want to be able to use the valuable brand name. For one thing, Larian wouldn't have the massive $5 billion in debt that hampered the current owner of Toys R Us. Larian claims that if 400 U.S. Toys R Us stores are salvaged, he could save one-third of the 130,000 jobs. Toys R Us is also likely to liquidate its businesses in Australia, France, Poland, Portugal and Spain.

Source: ABC News March 22, 2018 04:30 UTC