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Toys 'R' Us Philippines says not affected by US liquidation

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ABS-CBN News

MANILA - It&#x27;s business as usual for Toys &quot;R&quot; Us in the Philippines even as the iconic brand moves closer to liquidation in the United States, the local operator of the retail chain said on Monday. Robinsons Retail Holdings, which operates Toys &quot;R&quot; Us Philippines, said their operations are unaffected by the closure of Toys &quot;R&quot; Us stores in the US. “It is indeed unfortunate that the brand is facing challenges abroad but it is business as usual here in the Philippines. Our stores are open and customers can still enjoy our diverse toy assortment for kids,” said Celina Chua, general manager of Toys”R” Us Philippines.Toys &quot;R&quot; Us Philippines has 83 stores composed of 36 stand-alone branches and 47 “Toybox” sections in Robinsons Department Store branches.Robina Gokongwei-Pe, president of Robinsons Retail, has said that the company remains optimistic on growth and will push through with plans to open more stores within the year.Toys &quot;R&quot; Us Philippines is a sub-licensee of Toys ”R” Us Asia, which is a separate legal entity and is financially independent from other Toys “R” Us companies around the world.<ul class="op-related-articles">	<li><a href="http://news.abs-cbn.com/business/10/20/17/holiday-cheer-in-toys-r-us-ph-as-us-stores-fight-bankruptcy">Holiday cheer in Toys &#x27;R&#x27; Us PH as US stores fight bankruptcy</a></li></ul>Andres Javes, president of Toys &quot;R&quot; Us Asia, said the brand&#x27;s US liquidation does not impact partnerships in Asia.“We are a financially robust and self-funding retail operation, which continues to significantly grow and invest in this region. We continue to open new stores and give our customers great shopping experiences,” said Javes.Toys &quot;R&quot; Us filed for bankruptcy protection in the US in September last year, with sales under pressure from online retailers and discount outlets.<ul class="op-related-articles">	<li><a href="http://news.abs-cbn.com/business/09/28/17/toys-r-us-bankruptcy-catches-us-toymakers-flatfooted">Toys &#x27;R&#x27; Us bankruptcy catches US toymakers flatfooted</a></li>	<li><a href="http://news.abs-cbn.com/business/03/17/18/exhausted-toys-r-us-suppliers-weigh-options-as-huge-retailer-shuts">‘Exhausted’ Toys ‘R’ Us suppliers weigh options as huge retailer shuts</a></li></ul>

It's business as usual for Toys "R" Us in the Philippines even as the iconic brand moves closer to liquidation in the United States, the local operator of the retail chain said on Monday.

It's business as usual for Toys "R" Us in the Philippines even as the iconic brand moves closer to liquidation in the United States, the local operator of the retail chain said on Monday.