Gregory Plotko discusses potential Toys R Us rescue with the Los Angeles Times

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March 22, 2018

California toy mogul Isaac Larian said Thursday that he is leading an effort to save more than half the 735 domestic Toys R Us stores that are set to close under the retailer's liquidation plan. Larian is majority owner and chief executive of MGA Entertainment Inc., a privately held toy maker based in Van Nuys whose lineup also includes Little Tikes products.

"Assuming it raises the $1-billion total for U.S. stores, Larian's group first would have to strike a deal with Toys R Us to acquire the stores and then submit that proposal to the court for approval" said RK&O partner Gregory Plotko.  "The court also would hear any objections to the deal, and Larian's group and Toys R Us would have to persuade the chain's creditors that what he's offering is a better alternative than a straight inventory liquidation."  

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