Toys "R" Us Canada reaches three deals to sell assets, one with current owner

Shoppers exit a Toys 'R' Us store in Vaughan, Ont., on Wednesday, Feb. 4, 2026. THE CANADIAN PRESS/Sammy Kogan

TORONTO — Toys “R” Us Canada has reached several deals to sell assets including its name, trademarks, inventory and leases to three different buyers — one of whom is its current owner.

Court records show the retailer, which has been in creditor protection since February and up for sale since April, wants to sell the rights to the Toys “R” Us Canada and Babies “R” Us Canada names as well as the company’s trademarks to Ad Populum.

The U.S. firm manages several toy companies, including one behind the Chia Pet and another involved with Graceland, the Elvis Presley attraction in Tennessee.

The court documents also reveal a numbered company owned by current Toys “R” Us Canada owner Doug Putman has been chosen to buy 10 store leases, the brand’s inventory, equipment, logistics contracts and bank accounts.

Rounding out the deals is a proposed transaction for the brand’s store at Vaughan Mills, a mall just north of Toronto. The court records show Fox Group Jumbo Canada, an Israel-based company opening massive discount stores in Canada, wants to buy that lease.

Each of the transactions needs court approval to proceed.

This report by The Canadian Press was first published June 12, 2026.

Tara Deschamps, The Canadian Press