Announced
Financials
Sources
Tags
Private Equity
plush toys
Single Bidder
Majority
Private
United States
Toys and Games
Domestic
Acquisition
Canada
Toys
Pending
Friendly
Synopsis
Putman Investments, a Canadian-based, family-owned company, agreed to acquire toys stores Toys'R'Us and Babies'R'Us Canada from Fairfax Financial Holdings, a financial holding company. Financial terms were not disclosed. “Toys'R'Us and Babies'R'Us are extremely strong brands that have been in great hands over the past three years. Since its split from the U.S., we've watched the way in which the company has grown and focused on the Canadian customer. Much has been achieved and we're excited to help to drive the business forward," Doug Putman, Putman Investments Founder.
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