U.S. court filings show that debtors for Toys "R" Us have received multiple non-binding offers for the Canadian division of the troubled retailer. The bankruptcy documents say debtors had reached out to more than 20 interested parties in a bid to sell off the 82 stores in Canada as the toy retailer looks to wind down operations. "Toys "R" Us Canada is a good business," CEO Isacc Larian said in a statement last week. The filings say debtors are looking to combined up to 200 of the best-performing U.S. stores with the Canadian sell-off, as first mentioned by Toys "R" Us CEO David Brandon last week, and have initiated conversations about the combined sale. MGA Entertainment confirmed last week that its CEO Isaac Larian and affiliated investors are a bidder for the Toys "R" Us Canada operations.

Source: CBC News March 20, 2018 16:02 UTC