The return of popular Toys 'R' Us stores in the UK could happen in the next few months after a new deal was signed.
Five years after shutting down in the UK, the toy and baby store looks set to be making an epic comeback which is expected to delight shoppers.
And now the company's Australian sector has signed a licence agreement to bring its “digital and physical retail commerce” back to the UK and it is recruiting for a relaunch 'in the next few months', reports The Mirror.
James Ford, who helped grow Debenhams’ toy arm, has been brought in to help relaunch the business in the UK.
After launching in 1985 in the UK, the US parent company filed for bankruptcy in 2017 when debts spiralled to £3.5billion.
And a year later, all of the 100 UK stores were shut as the popular chain collapsed.
Last year, owner WHP Global signed an agreement with Toys 'R' Us Australia to lead the brand's revival in the UK.
Toys 'R' Us Australia chief executive Louis Mittoni, said: “I’m very excited to welcome over 100 years of retailing experience in our new team, who will lead the relaunch our iconic brand back into the UK market in the next few months. We have an amazing toy and baby buying team, which I believe is the best in the country.
“With this team now in place, we’re hitting the ground running and have been reaching out to the supply base to see with whom we can align on this amazing journey.”
Yehuda Shmidman, the chairman of WHP Global and Toys 'R' Us, previously said: “Toys 'R' Us today is a vibrant business with over 900 stores and e-commerce sites across 25-plus countries generating over US$2 billion a year in sales and growing, especially with the new launches underway for both the US and UK markets."
Louis Mittoni, boss of Toys 'R' Us ANZ, said: “My team and I are looking forward to developing technical and commercial relationships with UK-based vendors and partners and to engage with the many loyal Toys 'R' Us former customers and fans in the UK."
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