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Toys R Us Eyes Liquidation Of US Operations

PYMNTS

Beleaguered toy retailer Toys R Us is in the midst of prepping plans to liquidate its U.S. operations, currently in bankruptcy, according to recent Bloomberg reports. The plans come as the company has yet — and the emphasis may be on “yet” — to find a buyer for those operations or finalize its debt restructuring plans.

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Kroger Plans To Sell Toys R Us Brands For The Holidays

PYMNTS

To dive into the toy market for the holidays, Kroger is teaming up with the hedge fund owners of formerly Toys R Us exclusive brands from Geoffrey’s Toy Box. We’re excited to offer Geoffrey’s Toy Box this holiday season to provide our customers with the opportunity to purchase a selection of toys once exclusive to Toys R Us.”.

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Inspire Bets $11.3B That Its Brands Can Run On Dunkin’

PYMNTS

Private equity-backed Inspire Brands will be buying Dunkin' Donuts and bringing it private for a whopping $11.3 Dunkin’ Brands CEO Dave Hoffmann noted the acquisition was a testament to the progress Dunkin’s had made and maintained during the global pandemic leaving the brand “stronger than ever.”. “We Inspire’s Many Brands .

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Life House Tech-Focused Hotel Brand Closes $30M Fundraise

PYMNTS

Among the fastest-growing hotel brands, Life House has over 800 beds and 25 hotels that are expected to be operational by early next year. . According to the company, its platform is producing revenue increases topping 40 percent while lowering expenses for operations 45 percent.

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Walmart Divests Of Shoes.com, Bare Necessities Brands As Part Of Digital Streamlining

PYMNTS

Walmart is selling two of its online brands in a continuing goal to concentrate on its website. 27) that the Arkansas-based retail giant is scrapping Shoes.com and Bare Necessities, the intimate apparel brand. Also last year, Walmart shuttered its Jet.com eCommerce website and phased out the brand.

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Retail Pulse: Toys R Us Returns With Small Retail Stores

PYMNTS

The parent of the Toys R Us brand, Tru Kids , plans to bring stores under the legendary name to the United States for the 2019 holiday season. The locations will also include interactive components with new activities and events with brand stations. locations, with only four stores currently in operation in the country.

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UBS Appoints New Head Of EU Operations

PYMNTS

Swiss Bank UBS has announced that it has hired a new CEO of European Union operations, according to a report by Reuters. . UBS is currently only offering the cards to clients of its UBS Global Wealth Management operations, with UBS Head of Card Program Fred Jubitz saying the card products are designed for this particular client base.