On March 15, 2021, it was announced that brand management company WHP Global acquired a controlling interest in Tru Kids, which is the parent company of the Toys R Us, Babies R Us and Geoffrey the Giraffe brands. Going forward WHP will be managing Tru Kids business, and help guiding its expansion. In North America WHP plans to open Toys R Us stores, again — ideally ahead of the holiday season and could come on various formats to include flagships, pop-ups, airport locations or mini stores inside other retailers’ shops. WHP hasn't set a number of locations it plans to open in the United States. WHP is backed by a $350 million equity commitment from funds that are managed by Oaktree Capital Management. Financial terms of the deal have not be disclosed.