The hedge funds that now own the Toys “R” Us brand plan to relaunch the toy retailer as a standalone operation next year, Bloomberg reported. Solus Alternative Asset Management and Angelo Gordon will look to raise capital to help revive the retailer, which closed its last stores at the end of June, and are making plans that include brick-and-mortar locations for the chain. Before opening their own establishments, the funds are partnering with Kroger Co., the largest grocery store operator in the U.S., to create pop-up sections named Geoffrey’s Toy Box in about 600 stores. The areas inside the supermarkets will operate this holiday season, selling a selection of toys from brands like Imaginarium and Journey Girls. The bigger plan is still in the works, sources said, and could change depending on various factors including financing.
