Fairfax Financial Holdings’ president says its plans for Toys “R” Us are not limited to Canada, as it is exploring options to keep a foothold in the U.S.
Paul Rivett says the Toronto-based company, whose $300-million stalking horse offer for the Canadian subsidiary of the toy retailer was approved in a U.S. court this week, is looking at pods of stores in the U.S. it can potentially invest in.
The acquisition by Fairfax ends the uncertainty looming over Toys “R” Us Canada after it filed for creditor protection in September, and its U.S. division sought bankruptcy protection.