Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
'Toys "R" Us Inc., the retailer that filed for bankruptcy in North America, has been exploring options for its growing Asian business, including a potential initial public offering, people with knowledge of the matter said.Toys "R" Us and some of its North American subsidiaries filed for bankruptcy last month, though its Asian unit wasn't included in the proceedings. Toys "R" Us owns about 85 percent of the Asian venture, while Fung Group – the private holding company of Hong Kong businessmen Victor and William Fung – has the remainder.Still, an IPO of the Asian unit would allow Toys "R" Us' private equity owners to recoup some of their investment by selling shares in a business that's still doing well.Toys "R" Us dominates the $20.7 billion Asia Pacific market for traditional toys and games, according to research firm Euromonitor International.Toys "R" Us Asia was set up in 1986 .
FOLLOW THIS ARTICLE