TRU to increase Japan stake - ToyNews

TRU to increase Japan stake

Toy R Us US is looking to take more control of its Japanese market, buying a bigger stake the local operation there.
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The firm is offering to buy all the minority shares it doesn't already own in Toys "R" Us-Japan for about $84.7 million. The retailer plans to invest further in the Japanese subsidiary, expanding its operations in the country.

It will buy the 38 per cent stake in the company that is held by others for 587 yen per share through an open offer, it said.

TRU has been involved in a spate of deals this year. It acquired high-end toy seller FAO Schwarz in May and website eToys.com in February. Most recently it bought bankrupt KB Toys' brand, including KBToys.com.

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