, Australia
Logo from Toys "R" Us ANZ Limited's LinkedIn profile.

Toys ‘R’ Us ANZ to exit UK, focus on Australia

The UK business expansion is not within the company’s reach. 

Toys ‘R’ Us ANZ finalised deals with Tru Kids (TRUK) for a smooth exit and transition from its business and associated License in the UK, the company said in a disclosure.

Under the agreements, Toys ‘R’ Us will transfer ownership of all UK business assets to TRUK in settlements of its around $1.2m (A$1.8m) outstanding balance which TRUK provided to support the transition. TRUK will release Toys ‘R’ Us and its subsidiary entities from all remaining liabilities and obligations.

The expansion of the UK division will require around $4.6m (A$7m) of initial working capital which would result in an initial operating loss of $3.9m (A$6m) in the first 12 months, an investment which would be “noth within [Toys ‘R’ Us’] reach.”

ALSO READ: Toys “R” Us launches new experience-driven store in Changi Airport

“The TOYs UK division requires significant operational and financial resources to ensure its success in the market. As I outlined last year, we are transforming the TOY business model to reduce its overheads and its cost base to the right size to ensure it has a sustainable base to build from,” Toys ‘R’ US ANZ Limited CEO Penny Cox.

“We’re fortunate to have a strong relationship with TRUK which has enabled us to implement a smooth exit of the UK market to allow TOYs to focus its efforts on the transformation and growth of our Australian activities through the creation of new channels to market,” Cox added.

The companies also entered a 12mont services deed where Toys ‘R’ Us will render operational support to the UK business, guided by TRUK to facilitate the license transfer.

$1 = A$1.53

Follow the link for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

MR.DIY reaches 500-store milestone in the Philippines
The brand was first launched in the country with its inaugural store in Balagtas, Bulacan.
E-Mart to open the first branch in Laos
LVMC Holdings has partnered with the retailer to expand the brand in the country.


Alfamart’s rapid expansion never overtakes quality service
With 19,087 across Indonesia and 1,680 more in the Philippines, the minimarket operator marks 25 years as a top choice for shopping.