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Companies

Toys 'R' Us sells Asia operations and keeps Japan business alive

Japanese know-how will power emerging-market push under new top shareholder Fung

Customers line up to visit a new Toys "R" Us store in Japan. The toy seller's Japanese unit will offer know-how as the company targets growing Asian markets.
Customers line up to visit a new Toys "R" Us store in Japan. The toy seller's Japanese unit will offer know-how as the company targets growing Asian markets.

TOKYO -- Bankrupt U.S.-based retailer Toys "R" Us will sell its roughly 85% stake in its Asian business to a regional joint-venture partner and creditors, the Asian unit said Friday.

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