Music Industry

Sunrise Records just bought Toys R Us Canada

Doug Putman continues to be on a roll. First, he bought up most of the leases of HMV Canada and turned them all into Sunrise Records locations, making Sunrise the biggest record chain in the country. Then he bought up all of HMV UK plus a bunch of record stores in the US, expanding his reach to more than 400 stores. Now he’s bought 81 locations of Toys R Us across Canada.

A couple of things: Toys R Us American parent went bankrupt in 2017 but the Canadian stores remained viable. Doug saw potential in the properties and scooped them up. This makes quite a bit of sense since Doug’s master company, based in Ancaster, Ontario, manufactures toys and games.

Doug’s companies now employ well over 5,000 people. And he’s probably not done yet.

Alan Cross

is an internationally known broadcaster, interviewer, writer, consultant, blogger and speaker. In his 40+ years in the music business, Alan has interviewed the biggest names in rock, from David Bowie and U2 to Pearl Jam and the Foo Fighters. He’s also known as a musicologist and documentarian through programs like The Ongoing History of New Music.

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3 thoughts on “Sunrise Records just bought Toys R Us Canada

  • Putman, not Putnam.

    Reply
  • The headline is very misleading, Sunrise did not buy Toys R Us. Putman Investments is purchasing Toys R Us, and they also happen to own Sunrise.

    Reply

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