Asian business not affected by closures in US: Toys 'R' Us

But industry players here still worry as ailing US firm has 85% stake in regional operations

Facade of the Toys 'R' Us store at The Paragon.
Facade of the Toys 'R' Us store at The Paragon.ST PHOTO: LEE JIA WEN

Despite news that Toys 'R' Us is set to sell or shut its stores in the United States, the brand's operating company in Asia said business in the region, including Singapore, is not affected.

The debt-plagued retailer filed for bankruptcy protection in North America last September and submitted court papers this week to liquidate the company, according to US media reports.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

A version of this article appeared in the print edition of The Straits Times on March 17, 2018, with the headline 'Asian business not affected by closures in US: Toys 'R' Us'. Subscribe