Toys 'R' Us Canada is facing at least seven lawsuits from landlords who say they are collectively owed $31.3 million in unpaid rent and other damages, according to court documents. The owner of the Canadian division is trying to keep the business open and may rebrand the chain.
Lawsuits and Financial Struggles
The legal actions come as the retailer struggles to stay afloat. Landlords across the country have filed claims seeking back rent and damages. The company has not publicly commented on the lawsuits.
Potential Rebranding
Court documents reveal that the owner is exploring options to restructure the business, including a possible rebrand. This move aims to keep stores operational and preserve jobs.
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The situation remains fluid, with more developments expected in the coming weeks.
