Toys 'R' Us Canada facing another lawsuit from landlord claiming it's owed rent
Toys "R" Us Canada is being sued by RioCan Holdings Inc. for approximately $4 million in unpaid rent and lease obligations.Summary
Toys "R" Us Canada is facing yet another lawsuit from a landlord, this time from RioCan Holdings Inc., alleging unpaid rent for a Toronto location. RioCan claims the toy store chain failed to pay roughly $43,000 in January rent for its space at the Lawrence Allen Centre, leading to the termination of the lease on January 20th. The total amount RioCan is seeking from Toys "R" Us Canada is approximately $4 million, encompassing the missed rent and other obligations outlined in the lease agreement.
This lawsuit is part of a larger pattern of financial difficulties for the Canadian retailer. Reports indicate Toys "R" Us Canada has been closing numerous stores and has been subject to at least seven lawsuits in the past year from landlords claiming a collective $31.3 million in unpaid rent and damages.
Neither Toys "R" Us Canada nor representatives for RioCan Holdings immediately responded to requests for comment. The Lawrence Allen Centre website no longer lists Toys "R" Us as a tenant, and the claims made in the lawsuits have not yet been proven in court.
(Source：Castanet)