ALVAREZ & MARSAL CANADA INC.
Access all Engagement updates and court filed materials for all active engagements in which either Alvarez and Marsal Canada Inc. or one of its affiliates is appointed in a court officer role.
Introduction
On February 3, 2026, Toys “R” Us (Canada) Ltd. / Toys “R” Us (Canada) Ltee. (the “Applicant”) made an application to the Ontario Superior Court of Justice (Commercial List) (the “Court”) and was granted an order (the “Initial Order”), which, among other things, provides for a stay of proceedings pursuant to the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”).
Pursuant to the Initial Order, Alvarez & Marsal Canada Inc. was appointed as monitor (the “Monitor”) of the business and financial affairs of the Applicant.
SISP Update
Capitalized terms used herein have the meaning given to them in the SISP or the Motion Record of the Applicant dated June 11, 2026. Following a broad and robust canvassing of the market, the following were selected as Successful Bids in the SISP:
- An asset acquisition of all of the Intellectual Property by Ad Populum, to be implemented by way of an approval and vesting order (the "AP Transaction"). The AP Transaction closed on July 13, 2026;
- the assignment of the Vaughan Mills Lease to Fox Jumbo, to be implemented by way of an assignment order (the "Fox Jumbo Transaction"). The Fox Jumbo Transaction closed on July 8, 2026; and
- the acquisition of the majority of the Applicant's remaining business and assets, excluding the Purchased IP and the Vaughan Mills Lease, by 262, to be implemented by way of an approval and vesting order (the "262 Transaction"). The 262 Transaction closed on July 10, 2026.
Contact Us
Alvarez & Marsal Canada Inc.
Royal Bank Plaza, South Tower
200 Bay Street, Suite 2900
P.O. Box 22
Toronto ON M5J 2J1
Canada
TRUCanada@alvarezandmarsal.com
Monitor Hotline: 1-416-847-5196
