Canadian-based Putman Investments is acquiring Toys”R”Us Canada and Babies”R”Us Canada.
Putman Investments founder Doug Putman said the two brands are “extremely strong.”
“Since its split from the U.S., we’ve watched the way in which the company has grown and focused on the Canadian customer. Much has been achieved and we’re excited to help to drive the business forward,” Putman said in a prepared statement.
Toys”R”Us and Babies”R”Us Canada employs close to 5,000 people who work out of the Vaughan head office as well as 81 stores across 10 provinces.
Canadian business executive Doug Putman is the owner and chief executive officer of the music retailer Sunrise Records, the President of Everest Toys and the owner of HMV UK.
Image via Toys”R”Us Canada