Toys 'R' Us receives multiple $1b bids for its Asian business
According to Reuters, Toys 'R' Us has received multiple bids of more than U$1 billion for an 85 percent stake in its Asian business as the bankrupt company moves ahead with plans to sell some non-US operations. Apparently, there is also serious interest to purchase its Central European operations. In the meantime, the US and UK operations are being liquidated. Running a big business has its challenges, but shutting it down is not an easy task either.