MGA Entertainment’s CEO is leading a bid of $890 million to acquire Toys R Us, signaling a major move to revive the iconic toy retailer, reports the Los Angeles Business Journal. The deal could reshape the toy industry landscape.
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Trump-era tariffs are squeezing Los Angeles toy makers, from Bratz doll creators to Krusty the Clown manufacturers. Higher import costs are driving up prices and threatening local industry jobs, industry leaders warn.