Ex CEO mulling Toys R Us rescue strategy
Gerald Storch, who once served as CEO and chairman of Toys R Us, is reportedly considering swooping in to save the beleaguered toy seller, salvaging some stores and distribution centers as well as the trademark,
He is talking with venture capital groups to fund the strategy, according to a New York Post report. Storch is supposedly considering a new company hub near the current headquarters in New Jersey and would aim to keep top employees.
Companies: Toys “R” Us