Deals
Toys 'R' Us Is Exploring Options for Its $2 Billion Asia Business
- Firm weighs listing of regional business on Hong Kong bourse
- Beleagured retailer has held preliminary talks with banks
Toys 'R' Us Said to Explore Asia Options
This article is for subscribers only.
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.
The U.S. chain and its local joint venture partner, the billionaire Fung brothers, have been speaking with investment banks to study the feasibility of listing the Asian business on the Hong Kong bourse, according to the people. A deal could value the unit at as much as $2 billion, said the people, who asked not to be identified because the information is private.