This whole bankruptcy thing was a money making scam by the suits who bought out the company back in the 2000s and ran it into the ground.
Not only is the toy store brand not dead, but 30,000 people are now angry as this scheme blocked them out of severance pay and they are now unemployed and unable to return to work when they start up again.
Many toy companies including Hasbro are raising eyebrows at this, as the initial bankruptcy cost them millions of dollars in sales revenue and their stocks took a nasty hit (Mattel being the worst off from it, as Toys R Us closing compounded with steadily falling sales of their products). Advocates are calling this a “bad PR stunt” since the suits want the company to make sales for the holidays.
Hopefully, this will cause enough of a stink to kill it off for good. I’d rather say goodbye Geoffrey as I knew him than have him come back as a reanimated corpse controlled by greedy hucksters who put thousands of people out of work for no other reason than to line thier own pockets and escape the consequences of their own failings.
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