Toys R Us Japan recovers

Japanese retailer turns around last year?s loss of almost £600 million to record profit.
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Toys R Us Japan has posted a profit of £1, 283, 779 for the year ending January 31st, 2008. The profit represents a significant turn around for the firm, which suffered a staggering loss of about £592 million for the year ending January 31st, 2007.

Sales dipped slightly to £936 million, from £951 million a year earlier. However, the retailer forecasts an improvement in the year ahead, estimating sales to reach £945 million by January 31st, 2009.



Toys R Us deal done?

Reports suggest Toys R Us is to be sold in its entirety to a consortium of private equity firms for $5.7bn, comprising of Kohlberg Kravis Roberts, Bain Capital and Vornado Realty Trust.

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