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Mastermind Toys is expanding through franchising after emerging from creditor protection, targeting Canadian cities and future U.S. growth.
Mastermind Toys is preparing to expand via franchising, marking a major shift after its 2023 creditor protection filing.
The Toronto-based retailer, now owned by Unity Brands, has reopened stores, relaunched product lines, and tested pop-ups and convenience store partnerships.
With Bazely Consulting aiding the transition, the company aims to grow in Canadian urban centers like Toronto and Vancouver, potentially expanding into the U.S. later.
Franchising is expected to reduce financial risk and accelerate growth as consumers shift toward online and big-box retailers.
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Mastermind Toys se está expandiendo a través de franquicias después de emerger de la protección de los acreedores, apuntando a las ciudades canadienses y al futuro crecimiento de EE.UU.