Smyths Toys to take over ‘Toys R Us’ in Germany, Austria and Switzerland

The Irish toy retailer Smyths Toys Superstores has signed a deal to take over ‘Toys R Us’ in Germany, Austria and Switzerland, according to a report in Global License. The transaction was revealed by the German arm of the insolvent retailer on Saturday. No financial details were disclosed yet. However, no official confirmation has come from both the parties. The deal is subject to the approval of the US court and relevant authorities. As per the deal, Smyths will acquire 93 shops and four online stores. The Irish company, Smyths,…

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