Toys ‘R’ Us to unify Japan business with Asian arm

209

American toy-store chain Toys ‘R’ Us Inc. is to unify its business in Greater China and Southeast Asia with that in Japan, the company announced in a press release on Tuesday. According to the statement, the Japanese segment of the company, including 160 stores throughout the country, will become part of Toys ‘R’ Us, Asia Ltd.. which it owns 85 per cent of. The Asian branch is a joint venture between Toys ‘R’ Us, Inc. and Fung Retailing Limited. Currently, the Asian arm of the company operates two stores in Macau. Running some other 233 stores in Mainland China, it is also operating in Hong Kong, Brunei, Malaysia, Singapore, Taiwan, Thailand, and the Philippines.