MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
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Toy industry not thrilled with idea of Toys ‘R’ Us comeback
By artappraiser on Mon, 10/08/2018 - 8:01am |By Lisa Fickenscher @ NYPost.com/Business, Oct. 5
[....] “They owe all of these people so much money, and they are hopping around here having fun,” Beaver Raymond, co-founder of Dallas-based Marshmallow Fun Co., told The Post. “I heard someone else say, ‘Where’s my rifle.’ ”
Hedge funds Solus Alternative Asset Management and Angelo Gordon unveiled the plan this week to start selling toys again.They own the iconic retailer and its intellectual property after pushing the chain into liquidation earlier this year.
But vendors that lost tens of thousands to millions of dollars when Toys ‘R’ Us crashed are not eager to do business with it again. “We will NOT sell to any entity that’s owned by the hedge funds who put Toys ‘R’ Us into bankruptcy,” MGA Entertainment Chief Executive Isaac Larian told The Post [....]
URL:
https://nypost.com/2018/10/05/toy-industry-not-thrilled-with-idea-of-toys-r-us-comeback/
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