Iconic Toys“R Us® and Babies“R”Us® Brands Return to Australia and Launch in New Zealand, Heralding an Exciting New Era in Play Experiences

Tru Kids Inc, the US-based parent company of Toys“R”Us® and Babies“R”Us®, and
Hobby Warehouse Pty Ltd in Australia today announced an exclusive licensing
agreement which will see the Toys“R”Us® and Babies“R”Us® brands return to
Australia and make their debut in New Zealand.

The new license agreement, effective today, includes rights for Hobby Warehouse to
sell through the www.toysrus.com.au and www.babiesrus.com.au websites for
Australia and New Zealand including:

• Top toy and baby products from LEGO, Disney (Marvel, Star Wars, Disney
Pixar, Disney Princesses & more), Funko, Mattel (Barbie, Hot Wheels, Fisher-
Price, Uno & more), LOL, Hasbro (My Little Pony, NERF, Monopoly & more),
Bandai, Spin Master (Meccano, Air Hogs, Paw Patrol, Hatchimals & more),
Play-Doh, Thomas, Monster Jam, Lamaz, John Deere, Bruder, Carrera, Wilson,
Britax, InfaSecure, and so much more.

• Private brands owned by Tru Kids including toy products such as Journey
Girls®, Fastlane®, True Heroes®, You & Me®, Imaginarium® and Just Like
Home® as well as baby products like Koala Baby, Koala Kids and Koala Baby

Hobby Warehouse will initially launch Toys“R”Us and Babies“R”Us online in Australia
and New Zealand in June this year, featuring a wide range of toys and baby products
at competitive prices. Same day delivery will be available in metropolitan Melbourne
in the short term, which will be expanded to other metropolitan areas in Australia
and New Zealand in the medium term.

Hobby Warehouse aims to launch physical ‘experience centres’ for Toys“R”Us and
Babies“R”Us beginning in 2020.

Hobby Warehouse Chief Executive, Louis Mittoni, said: “We are delighted to bring
the much-loved brands of Toys“R”Us and Babies“R”Us back to Australia and to
introduce them to New Zealand. We believe play is extremely important in the
development and wellbeing of children and in their interaction with family and
friends. Play enables children to develop their imagination, collaborate, problem
solve, explore, create or simply express themselves spontaneously.

“Our mission is to encourage children to engage with as many forms of play as we
possibly can. Hobby Warehouse is a digital native with a keen understanding of how
to accelerate and match the requirements of the modern shopper.”
Hobby Warehouse’s management team together with commercial advisor, Kevin
Moore, negotiated with Tru Kids’ executives and advisors for the Australian and New
Zealand licensing rights.

Moore said: “Previously, the Toys“R”Us® and Babies“R”Us® business model in
Australia was focused primarily on large physical retail stores which had high fixed
costs and extended periods of relatively low sales due to seasonal factors. Going
forward, the business model for Australia and New Zealand will be online focused,
with smaller and fewer physical ‘experience centres’ that allow children and their
families and friends to see and touch our products.”

Tru Kids Executive Vice President of Global Licensing & General Counsel, James
Young, said: “We are thrilled to partner with Hobby Warehouse to bring Toys“R”Us
and Babies“R”Us back to Australia and to launch in New Zealand. Louis Mittoni and
his team have a strong digital vision and understand both the heritage of our iconic
brands and how to evolve the shopping experience for the modern consumer. This is
an exciting milestone for our company as we continue to grow Toys“R”Us and
Babies“R”Us around the world.”

Tru Kids’ license partners currently operate over 700 Toys“R”Us and Babies”R”Us
branded stores and ecommerce sites in more than 25 countries across Asia, Europe,
Africa and the Middle East, with over US$3 billion of retail sales attributable to the
brands in these regions in 2018.

Hobby Warehouse, which has a long and successful heritage selling online, will
continue to market and sell hobby products to teenagers, younger adults and older

About Hobby Warehouse
Hobby Warehouse is an independent, Australian-owned company established in
2011 with a mission to enrich the lives of people by encouraging exploration,
creativity and living life more fully through the enjoyment of hobbies. It is
headquartered in Dandenong in Australia. https://www.hobbywarehouse.com.au/

For media enquiries in relation to Hobby Warehouse, please contact:

Rochelle Burbury
Third Avenue Consulting
0408 774 577

Jane O’Connell
Third Avenue Consulting
0408 248 024

About Hobby Warehouse
Tru KidsTM is the parent of beloved brands, including Toys”R”Us, Babies”R”Us and
Geoffrey the Giraffe®. Established in January 2019, Tru Kids is focused on growing its
family of brands through innovative partnerships that deliver kid-and-parent-focused
experiences that expand beyond traditional retails concepts in the physical and
digital spaces.

The company delivers a wealth of services to its valued license partners around the
world, in addition to design and development of over 20 additional established
consumer brands. The company has offices in New Jersey,USA, Hong Kong &

Tru Kids is a new company celebrating over 70 years of heritage with an expert team
focused on families, kids, and play. Learn more at trukidsbrands.com.

For media enquiries in relation to Tru Kids, please contact Jaime Cassavechia by
phone on (212) 518-4771 x108 or by email on jaime@ejmediagroup.com.