After 60 Years in Business, Samko & Miko Toy Warehouse Files for Bankruptcy and Liquidates Inventory through Online Auction
After 60 years in business, Samko & Miko Toy Warehouse, a beloved family-run business known for its discount toys and books, has filed for bankruptcy. The company, which was a pioneer in the Canadian toy market, has appointed Dodick Landau Inc. as Trustee to handle its affairs.
The closure of Samko & Miko Toy Warehouse comes after facing challenges in the ever-evolving retail landscape. However, there is a silver lining for toy enthusiasts as Danbury Global Ltd. & A.D. Hennick & Associates Inc. will be liquidating the company’s remaining inventory through an online auction.
The online auction, which opens to the public tomorrow, will feature over $850,000 worth of brand-new toys, games, and books. With a wide selection of products from all the top brands such as Mattel, Hasbro, Fisher-Price, and more, this auction presents a unique opportunity for buyers to stock up on gifts for their kids or even for resale.
According to Jon Ordon, CEO of Danbury Global, there are over 40,000 toys and 20,000 books up for grabs at the auction. Everything will be sold without reserves, meaning the highest bidders will secure the items.
For those interested in participating in the auction, more information can be found at https://danburyglobal.com/samko-toy-warehouse/. This is a chance to score some great deals on quality toys and books from a trusted name in the industry.
Danbury Global Ltd. and A.D. Hennick & Associates Inc. are working together to ensure a smooth liquidation process for Samko & Miko Toy Warehouse’s inventory. With their expertise in asset monetization and liquidation solutions, buyers can expect a seamless experience during the auction.
The closure of Samko & Miko Toy Warehouse marks the end of an era in the Canadian toy market, but it also presents an exciting opportunity for buyers to snag some fantastic deals on top-quality toys and books.
