Mastermind Toys to close 18 stores, will sell bulk of its business to Unity Acquisitions Mastermind Toys customers warned to use gift cards by Dec. 24 as company is set to change hands ...

Mastermind had total liabilities of $62.1-million, according to court filings last week, including the CIBC credit facilities.

Canadian toy retailer Mastermind Toys has been granted protection from its creditors and plans to close some stores and liquidate inventory, while it explores “strategic alternatives” to keep ...

Mastermind put out word that it was seeking a buyer, and one party, referred to in the filing as the “strategic bidder,” stepped up and executed an equity purchase agreement on September 22, 2023. The ...

Mastermind secured approval from the court on Nov. 30 to start liquidation sales at 18 of its locations. These stores are not included in the transaction, with liquidation continuing through December.

Mastermind and Unity did not disclose the financial terms of their deal, which is still subject to court approval but is expected to close in January. The deal includes the majority of Mastermind Toys ...