Toys R Us plans second act under new name

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NEW YORK (AP) (2/11/2019) - Toys R Us fans in the U.S. will see the iconic brand re-emerge in some form by this holiday season.

Richard Barry, a former Toys R Us executive and now CEO of the new company called Tru Kids Inc., is exploring freestanding stores, shops within existing stores as well as e-commerce.

Tru Kids, owned by former investors of Toys R Us, will manage the Toys R Us, Babies R Us and Geoffrey brands.

Toys R Us liquidated its businesses last year in the U.S. as well as several other regions including United Kingdom. Outside the U.S., Toys R Us continues to operate about 800 stores.

Tru Kids, based in Parsippany, New Jersey, will work with licensing partners to open 70 stores this year in Asia, India and Europe.

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