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WHP Global buys controlling stake in Toys R Us parent company

WHP Global buys controlling stake in Toys R Us parent company

WHP Global, the New York-based brand management firm, is acquiring the controlling shares of Tru Kids Inc – the parent company that owns the iconic Toys R Us and Babies R Us brands. WHP Global didn’t reveal the deal’s financials. Toys R Us had only two physical stores in the US, which closed two months ago. The Toys R Us and Babies R Us generate over $2 billion in global retail sales annually.

Kathy
Kathy
Top in Business