KB Toys aims to fill the void of Toys 'R' Us

Toys R Us Riverside Retail Park Nottingham

Kassoff, whose company has brought back candy brands such as Hydrox and Astro Pop, invited Toys R Us employees, as well as other players in the toy industry, to apply at KB Toys.

"I am very disappointed with the result, but we no longer have the financial support to continue the company's USA operations", said Dave Brandon, chairman and chief executive officer of Toys R Us. The New Jersey-based chain filed for bankruptcy in September, with disappointing holiday sales and concern among vendors adding to its financial issues.

Strategic Marks bought the KB Toys brand from Bain Capital in 2016. We've reduced our Hasbro fair value by $3, to $97, and our Mattel fair value to $21.50 as we made three major changes to our 2018 outlook while Toys "R" Us liquidates.

Kassoff, like several other players, is watching the collapse of Toys R Us in the USA and seeing an opportunity worth potentially well over $1 billion.

Toys R Us announced last week it will close or sell all 735 of its stores, which would put 31,000 people out of work and leave many toy manufacturers with no or limited outlets for its products.

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Toys R Us will be closing or selling all of its U.S. stores after filing a motion to liquidate its USA business on March 15.

News of a potential revival of KB Toys comes as Toys "R" Us prepares for a liquidation.

Amazon is reportedly considering the possibility of acquiring some of Toys "R" Us' soon-to-be-closed store locations in the USA says Fox News.

That could pose headwinds, too, for the revival of KB Toys, once the second-to-last remaining national chain of toy stores.

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