If like us you’re a Toys “R” UsOpens in a new tab kid you don’t want to grow up, but after the beloved chain of stores closed all of its doorsOpens in a new tab earlier this year it’s hard for us not to feel the creeping inevitability of old age. Oh, yeah, the closing of our favorite toy store definitely sent us into an existential funk. But if you’re still down over saying goodbye to Geoffrey the Giraffe we have some amazing news–Toys “R” Us might be making a surprise comeback.In a story we came across at The VergeOpens in a new tab, a report in The Wall Street JournalOpens in a new tab says an auction planned to sell off the company’s intellectual properties in an effort to pay off its creditors–which would have included the Toys “R” Us and Babies “R” Us names, domains, registry lists, and, yes, even the rights to Geoffrey– has been cancelled. Instead, the hedge funds who own the company, the very same ones who decided to shutter all of their stores in the first place, have decided they would be better off creating “a newly-established, independent U.S. business” that would see the toy chain return.
Images: Toys “R” Us
