Miami — FRONTIER Building, an experience-focused national general construction, construction management and design-build contractor, has completed the construction of the new Burlington in Doral, Fla., near Miami International Mall. The project is part of a redevelopment of a Toys “R” Us and Babies “R” Us stores that will also include a future Total Wine & More. FRONTIER demolished and redesigned the existing façade entry for the new Burlington, as well as managed the interior buildout of the more than 42,000-square-foot department store. FRONTIER also added 258 new parking spaces. “We’re …
Babies R Us
WHP Global Buys Controlling Stake in Toys ‘R’ Us Parent Company, Plans Partial U.S. Reopening
New York City — WHP Global, a New York City-based firm that acquires global consumer brands, has purchased a controlling stake in Tru Kids Inc., the parent company of Toys ‘R’ Us. WHP Global joins a group of institutional shareholders that includes funds managed by Solus Alternative Asset Management and Ares Management Corp. Going forward, WHP will manage Tru Kids’ global business and direct its strategic expansion, which according to CNBC will include the reopening of some U.S. stores. Neither the network nor the companies involved in the deal specified …
Wayne, N.J. — Toys ”R” Us Inc. filed for Chapter 11 bankruptcy protection on September 18, 2017. The company’s Canadian subsidiary also plans to seek protection in parallel proceedings under the Companies’ Creditors Arrangement Act (CCAA) in the Ontario Superior Court of Justice.