Toys R Us receives several $1bn bids for its Asia unit

Toys R Us receives several $1bn bids for its Asia unit
 

Toy store giant Toys R Us has received bids of more than $1bn from prospective buyers for a majority stake in its Asia business, a lawyer for the firm said.
The US-based firm has operations around the globe, but filed for bankruptcy protection in the US in September amid mounting debt worries and competition from online retailers.
Toys R Us stores in the US and the UK are now being shut down.
However, its operations in Europe and Asia have been described as healthy.
Toys R Us lawyer Joshua Sussberg, from Kirkland and Ellis, told a US bankruptcy court hearing on Wednesday that several... read more

 
12 April 2018 in Business, Views: 59
Source: BBC
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