MANILA, Philippines Toys R Us stores in the Philippines remain open for business and are not affected by the financial restructuring of Toys R Us Inc, the largest toy store in the United States.
In the Philippines, Toys R Us Philippines is managed and operated by Robinsons Toys Inc, a wholly owned subsidiary of the Gokongwei familys Robinsons Retail Holdings, Inc.
It is a sub-licensee of Toys R Us (Asia) which is not part of the court-supervised financial restructuring.
There are 34 stand alone stores of Toys R Us Philippines and 44 Toys R Us Toybox outlets inside Robinsons Department Store branches.
In a separate statement, Toys R Us (Asia) said the company remains financially robust and is a self-funding retail operation, which c…
Read the full article at: http://www.philstar.com/business/2017/09/22/1741345/business-usual-toys-r-us-philippines