Toys ‘R’ Us and Babies ‘R’ Us operate 81 stores, employing more than 5,000 people across Canada.
Ancaster’s Putman Investments is about to add Toys “R” Us and Babies “R” Us Canada to its growing roster of retail brands. The purchase of Toys “R” Us from Fairfax Financial is expected to finalize in the coming days. Putman Investments is known for returning brick and mortar brands like Sunrise Records and HMV to profitability. Norm Schleehahn, director of economic development for the City of Hamilton told the Hamilton Spectator: “To have yet another national brand call Hamilton home, particularly one so iconic, is welcomed and we thank Mr. Putman for his continued investments in Hamilton.”
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Image via the Hamilton Spectator