Smyths Toys which operates 90 stores in the UK and 21 in the Republic of Ireland has acquired 93 Toys R Us stores in Germany, Austria and Switzerland, where the business has remained profitable. The retailer will move to re-brand all of the stores under its own name whilst retaining all staff, including management.
“We are convinced about the future of multichannel specialist toy retail and are confident that we can successfully introduce and grow our brand in continental Europe,” said co-founder Tony Smyth.
Share