Business

Fundraiser to save Toys R Us hopes to reach $1 billion

A fundraiser has been set up with the goal to save Toys R Us from officially closing all of its stores. 

Isaac Larian, the CEO of MGA Entertainment, Inc. spearheaded the GoFundMe page, along with various investor associates, to allow the public to donate funds to help ensure "generations to come can 'always be a Toys R Us kid'". 

According to the GoFundMe page, the deadline to reach the $1 billion goal is May 28. 

"The funds collected through this campaign would be used in the formation of a bid to acquire some Toys R Us assets through the bankruptcy process. This is not a charitable donation, and certain donor disclosures apply."

Check out the full GoFundMe page here.


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