Toys R Us rejects bid from billionaire toy CEO Isaac Larian

Transformers News: Toys R Us rejects bid from billionaire toy CEO Isaac Larian

Wednesday, April 18th, 2018 12:03AM CDT

Categories: Toy News, Company News
Posted by: Seibertron   Views: 15,656

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Transformers News: Toys R Us rejects bid from billionaire toy CEO Isaac Larian

For those of us hoping that Toys R Us still had a shot at salvation, those hopes might have been squelched yesterday evening. Various mainstream news agencies reported yesterday that Toys R Us rejected billionaire Isaac Larian's bid to "save" hundreds of Toys R Us stores in the United States and Canada. Larian is the CEO of the toy company MGA Entertainment, home of the popular and highly collectible L.O.L. Surprise Dolls as well as Bratz (competitor to Barbie) and Little Tikes. As of this writing, it is unknown why Toys R Us rejected his bid, perhaps because it was not enough or maybe because it's just time to move on.


Wall Street Journal wrote:Toys “R” Us Inc.’s lawyers and advisers have shot down an 11th-hour offer from a billionaire toy maker that would have kept some of its U.S. stores open, according to a person familiar with the matter.


According to USA Today, Mr Larian was quoted as saying "If this is true, it is very disappointing," Larian said. "It is our hope and expectation that we can continue to participate in the bid process, so we can keep fighting to save Toys “R” Us," he said. ". We feel confident that we submitted a fair valuation of the company's U.S. assets in an effort to save the business and over 130,000 domestic jobs."

In other news related to Toys R Us, the chain has apparently begun turning away gift cards according to the New York Post. Toys R Us was supposed to accept gift cards through April 21st, though some shoppers have apparently had their gift cards turned away already.

Last month, Larian announced his intention to save as much of Toys R Us as he could via his #savetoysrus campaign. His efforts were apparently not enough, or perhaps there's more than meets the eye with Toys R Us rejecting his bid. Might someone have bid a higher amount that may have even more grand and apparently quieter plans for the chain? Or is Toys R Us simply another doomed franchise that is yet another casualty of the ongoing retail apocalypse. Time will tell, but be sure to keep following Seibertron.com for all of your latest Transformers news and major announcements about the fate of the beloved Toys R Us chain.

Transformers News: Toys R Us rejects bid from billionaire toy CEO Isaac Larian
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Re: Toys R Us rejects bid from billionaire toy CEO Isaac Larian (1953779)
Posted by ZeroWolf on April 18th, 2018 @ 3:58am CDT
It might have been rejected due to the bidders other ventures, could make other toy businesses wary, would they be able to trust them to give their product a fair shake at things alongside the products that the owner's businesses make?
Re: Toys R Us rejects bid from billionaire toy CEO Isaac Larian (1953801)
Posted by ScottyP on April 18th, 2018 @ 6:32am CDT
Seibertron wrote:it's just time to move on
I think this is the case :/ It's over, finished!
Re: Toys R Us rejects bid from billionaire toy CEO Isaac Larian (1953814)
Posted by dragons on April 18th, 2018 @ 8:06am CDT
That sucks so it is true poor management
Re: Toys R Us rejects bid from billionaire toy CEO Isaac Larian (1953817)
Posted by Black Bumblebee on April 18th, 2018 @ 8:15am CDT
At the Toys R Us in my area, most things are still only 5 - 10 % off. If they think it's time to move on, they're taking their time about it.
Re: Toys R Us rejects bid from billionaire toy CEO Isaac Larian (1953827)
Posted by william-james88 on April 18th, 2018 @ 9:07am CDT
That was the most low ball offer I have ever seen, literally pennies on the dollar. TRU Canada's real estate is estimated at close to 1B$
Re: Toys R Us rejects bid from billionaire toy CEO Isaac Larian (1953828)
Posted by o.supreme on April 18th, 2018 @ 9:08am CDT
Seibertron wrote:
o.supreme wrote:Not the closest TRU to me, but one about 10 miles out, on the other side of town. LOL...Yeah Windblade is definitely a "fan favorite"....


That's not fair ... that's the BS "face shield" version. Notice the regular version (of which the one shown in your photo was a remold) has been nowhere to be found in quite a while.


I don't buy RiD toys...so I wasn't even aware there was another version...Still...I don't think there are that many savvy fans in my area that would reject this release solely based on that...
Re: Toys R Us rejects bid from billionaire toy CEO Isaac Larian (1953839)
Posted by Blitzwing is bae on April 18th, 2018 @ 9:43am CDT
SUN OF A BISCUIT! im gonna miss toys r us thats for sure. I only got about have of theyre exclusives :BANG_HEAD: :BANG_HEAD: :BANG_HEAD: :BANG_HEAD: :BANG_HEAD: :BANG_HEAD: :BANG_HEAD: :BANG_HEAD: :BANG_HEAD: :BANG_HEAD: :BANG_HEAD:
Re: Toys R Us rejects bid from billionaire toy CEO Isaac Larian (1953853)
Posted by Relic0037 on April 18th, 2018 @ 11:32am CDT
From reading through the articles, it sounds like the offer was too low. Time will tell what happens in this story.
Re: Toys R Us rejects bid from billionaire toy CEO Isaac Larian (1953861)
Posted by william-james88 on April 18th, 2018 @ 11:59am CDT
o.supreme wrote:
Seibertron wrote:
o.supreme wrote:Not the closest TRU to me, but one about 10 miles out, on the other side of town. LOL...Yeah Windblade is definitely a "fan favorite"....


That's not fair ... that's the BS "face shield" version. Notice the regular version (of which the one shown in your photo was a remold) has been nowhere to be found in quite a while.


I don't buy RiD toys...so I wasn't even aware there was another version...Still...I don't think there are that many savvy fans in my area that would reject this release solely based on that...

Why are we talking about fans? The RID line targetted kids, kids wanted toys fo waht they saw on the show. They wanted the windblade that looked like on the show and that toy sold out. This toy, which doesnt resemble that, didnt. So yeah, the proof that all of normal windblades sold out (everywhere it seems) shows that she is indeed a fan favourite.
Re: Toys R Us rejects bid from billionaire toy CEO Isaac Larian (1953866)
Posted by o.supreme on April 18th, 2018 @ 12:15pm CDT
william-james88 wrote:Why are we talking about fans? The RID line targeted kids,


kids ARE fans...I don't make a distinction...

william-james88 wrote:kids wanted toys for what they saw on the show. They wanted the Windblade that looked like on the show and that toy sold out.


I know there's this idea about "show appearance" being important, but back in the original Transformers era, there were so many toys that were not show accurate, and it really didn't matter (to me at least). Ironhide and Ratchet are probably 2 examples of the worst. Still seeing how cool Ironhide was on the show, and seeing his *different* appearance in toy form didn't stop 8 year old me from wanting him.

Someone can say an alternate *sold out*, but that's like saying TR deluxe wave 5 sold out everywhere...merely skewing something that was produced in extremely limited quantities, and not available to most US fans.

Of course I can say the same about myself. Maybe that pic I took was an aberration, maybe that particular toy sold out everywhere else, and I was looking at a scalping goldmine without knowing it...

Besides, this is not about my personal dislike for Windblade, I honestly couldn't care less. It's not like I work at TRU and purposefully withheld all these toys for months to get a cheesy photo. I just thought it was amusing that at a store that's closing down, there was so much of a single figure. I probably would have done the same if I saw 20 BB's, or Prime's, or whoever...

I took a similar pic of 32 Squeeks toy banks a while back. (amid a mostly empty TF section at a particular walmart) I just think its amusing anytime any particular toy is so seemingly overproduced.
Re: Toys R Us rejects bid from billionaire toy CEO Isaac Larian (1953965)
Posted by tmthor on April 18th, 2018 @ 6:12pm CDT
On the raido the bussiness guy said he heard the Tru lawyers say the $890 million would not be enough to just buy the Canadian stores let alone the US ones. He said it was said he would have to pony up over 2 billion for what he wants. Probably better to use that $890 million to just open up a new store and buy the Tru name later and brand the stores as such.
Re: Toys R Us rejects bid from billionaire toy CEO Isaac Larian (1953999)
Posted by Octobotimus on April 18th, 2018 @ 7:12pm CDT
i don't see what they have to lose. they have lost Toys R us, why are they being picky with money after failing to make money themselves ...... no wonder this store died, the people behind it just suck at managing their store.... now they'll have it die and won't even get money out of it... good on them.
Re: Toys R Us rejects bid from billionaire toy CEO Isaac Larian (1954022)
Posted by william-james88 on April 18th, 2018 @ 9:27pm CDT
Octobotimus wrote:i don't see what they have to lose. they have lost Toys R us, why are they being picky with money after failing to make money themselves ...... no wonder this store died, the people behind it just suck at managing their store.... now they'll have it die and won't even get money out of it... good on them.


You guys dont understand, Toysrus is still worth lots in real estate. Once the stores all close, you can sell the leases/buildings/lots to others. This is some high profile real estate. Lots of land and in many cases, in populated areas. Ideal locations for other companies that want a foot in. Lets just low ball it and say the 735 locations average out to about 2M$ in real estate each, thats $1.5B! The ones owed money are way better off just selling everything and getting their money back that way than getting pennies on the dollar.
Re: Toys R Us rejects bid from billionaire toy CEO Isaac Larian (1954076)
Posted by ZeroWolf on April 19th, 2018 @ 5:10am CDT
So it was that the offer was too low then? And given the response he definitely knew and was seeing what he could get away with. We'll see if the offer is increased if he tries again.
Re: Toys R Us rejects bid from billionaire toy CEO Isaac Larian (1954557)
Posted by Bronzewolf on April 20th, 2018 @ 5:26pm CDT
In the wake of Toys R Us Rejecting the buyout bid of the CEO of Bratz, the company has sent out an email confirming that, as of today, clearance sales have now reached up to 40% off, from the 30% they've been holding on to for several weeks.
This all but confirms the initial reports of the sales going up 10% a week, as it now appears the chain just attempted to give themselves a head start of sorts by starting the sales at 30% and holding it at that percentage for exactly three weeks. Now those three weeks are up, and we're seeing the discounts raise as a result. Time will tell if this theory is entirely true, being confirmed if they raise the clearance to 50% next Friday.

As it relates to our own fandom, Seibertronain AlvinC reports that Transformers toys are now 15% off, up from 10%.
Stay tuned to Seibertron.com for more updates during the final weeks of Toys R Us.
Re: Toys R Us rejects bid from billionaire toy CEO Isaac Larian (1954558)
Posted by Rated X on April 20th, 2018 @ 5:37pm CDT
At this point, TRU going out of business sales isnt even relavant to transformers collectors anymore. I went in a TRU last week and they only had a few one step changers left. The entire action figure aisle was looted.
Re: Toys R Us rejects bid from billionaire toy CEO Isaac Larian (1954571)
Posted by DeathReviews on April 20th, 2018 @ 6:15pm CDT
Indeed. The bigger discounts would be wonderful, if everything good hadn't already been taken. There's nothing left but the chum now. Though I did see about 12 boxes of the 'Infernicus' TRU exclusive on the shelf at our nearby TRU, and about 3 'Cybertron' figures.
Re: Toys R Us rejects bid from billionaire toy CEO Isaac Larian (1954578)
Posted by Ironhidensh on April 20th, 2018 @ 6:50pm CDT
Yeah, that 40% off is bullshit. It's only on an extremely tiny selection of items. Most things are only 15% off at most. Hell, the fucking Legos are still only 5% off.



Worst. Liquidation sale. Ever.
Re: Toys R Us rejects bid from billionaire toy CEO Isaac Larian (1954584)
Posted by chuckdawg1999 on April 20th, 2018 @ 7:23pm CDT
I was going to mention something about the discounts but I see I was beaten to it. My TRU was still nicely stocked though.
Re: Toys R Us rejects bid from billionaire toy CEO Isaac Larian (1954592)
Posted by Lucky Logician on April 20th, 2018 @ 7:45pm CDT
Ironhidensh wrote:Worst. Liquidation sale. Ever.
This right here. My TRU is still 10% off everything. Normal sales gave discounts for more than 10%.

Want to know the only thing that I saw for 30% off yesterday? The *#$@*&$ 2018 calendars. WTH? :-x
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