Spielwarenmesse: Toys R Us announces merger of its Japan and Asia businesses

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Toys R Us announces merger of its Japan and Asia businesses

12. April 2017 10:37 h:

The retailer is consolidating its businesses in Japan, Greater China and Southeast Asia

By toyworldmag.co.uk

Under a new joint-venture agreement, Toys R Us Japan— which operates 160 stores in the country—will be consolidated into Toys R Us Asia. The combined business will now be approximately 85% owned by Toys R Us, with the remaining share held by Fung Retailing. The two companies have been working together in the region since 1985.

Toys R Us Asia and its subsidiaries operate 223 stores in Greater China and the Southeast Asia markets. This includes stores in Brunei, China, Hong Kong, Malaysia, Singapore, Taiwan and Thailand. Toys R Us Asia also licenses an additional 34 retail locations in the Philippines and Macau.

The combined company’s headquarters will be located in Hong Kong, while a regional office will continue to operate in Kawasaki, Japan. Andre Javes, president of Toys R Us Asia Pacific, will continue to oversee all operations of the combined businesses, as well as Toys R Us Australia.

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