Toys “R” Us hands over stake in $900m Asia unit to lenders

Toys "R" Us
Signage is displayed on the exterior of a Toys 'R' Us retail store in the Queens borough of New York, U.S. Photographer: Jeenah Moon/Bloomberg Photo by Bloomberg

Toys “R” Us Inc on Friday extended a lifeline to its Asian unit as it transferred its approximately 85 per cent stake in the business to its creditors.

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