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Toys “R” Us auction cancelled, as US judge halts Asian arbitration

By Mohamed Dabo

04 October 2018

Toys “R” Us auction cancelled, as US judge halts Asian arbitration Toys "R" gearing up for a revival / istock.com/kodda

The new owners of Toys “R” Us’ brand rights have cancelled an auction of its intellectual property assets, telling a US bankruptcy court they plan to bring the retailer back – just days after the judge extended the toy retailer’s automatic stay and granted injunctive relief to halt an Asian partner’s arbitration in Hong Kong.