US judge to consider Smyth’s bid to buy Toys R Us European stores

Galway Bay fm newsroom – The bid by Galway-based Smyth’s Toys to buy the central European assets of Toys R Us will be considered by a US bankruptcy judge today.
The proposed 79 million euro deal would add 93 stores in Germany, Austrian and Switzerland to Smyth’s existing 110-store network across Ireland and the UK.
According to the Irish Times, papers lodged as part of the process reveal that the Smyth’s deal has been dubbed “Project Elf” by advisers.
The US parent of Toys R Us is being liquidated with 5 billion dollar worth of debts.