Fung Retailing

Retail Asia19/11/2018

Fung Retailing has finally secured a deal to continue to operate the profitable Toys R Us Asia business. The privately owned Hong Kong business, which is separate to the listed Li & Fung, will boost its stake in Toys R Us Asia from 15 per cent to about 21 per cent, making it the retailer’s […]

Retail Asia14/11/2018

Toys R Us Brunei has relaunched its Mabohai Shopping Complex store. The reopening, after extensive redesign and renovation works, attracted long queues of shoppers hoping to pick up special deals promoting the event. Along with the reopening, the store has expanded its product range by 70 per cent. Toys R Us (Singapore) group country director […]

Retail Asia08/11/2018

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Fung Retailing and Alibaba have formed a strategic partnership to launch more international lifestyle brands in Mainland China. The partnership will bring closer Alibaba’s 600-million user base and Fung Retailing’s 3000+ network of stores across Greater China, UK, France, South Korea, Singapore, Malaysia, Thailand and the Philippines. Its partly- or majority-owned businesses include Circle K […]

Retail Asia17/09/2018

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Fung Retailing’s battle with the administrators of bankrupt Toys R Us has ramped up, with the latter company filing an injunction request in US courts this week. The Hong Kong company is working to protect its first-right-of-refusal clause on acquiring shares in the Toys R Us Asia business, beyond its existing 15 per cent cornerstone […]

Retail Asia09/08/2018

Lenders owed funds from the collapsed Toys R Us North American business are trying to have a US court force Hong Kong’s Fung Group to sell its stake in the profitable Asian subsidiary. According to a report by Bloomberg, for which Fung Retailing did not respond to a request for comment, senior lenders have made an […]

Retail Asia20/03/2018

Toys R Us Asia has repeated earlier assertions that its business will not be affected by the liquidation of Toys R Us stores in the US and UK, amid reports that Australian operations would likely need to close. Toys R Us Asia’s joint-venture partner Fung Retailing, which owns approximately 15 per cent of the toy […]

Retail Asia09/02/2018

JD.com is both the largest e-commerce company in China, and the largest Chinese retailer, by revenue. The retailing businesses of the Fung Group are brought together under privately-held Fung Retailing Limited and it is a Hong Kong-headquartered multinational group whose core businesses are engaged in trading, logistics, distribution and traditional and digital retailing. The agreement between the […]

Retail Asia19/04/2017

Toys R Us is unifying its Japanese business with its ventures in Greater China and Southeast Asia. Under a new JV agreement with Hong Kong-based Fung Retailing, Toys R Us Japan, which has 160 stores, will be consolidated into Toys R Us Asia. The merged business will now be roughly 85 per cent owned by […]

Tag: Fung Retailing

Fung Retailing boosts stake in reborn Toys R Us Asia

Toys R Us reopened in Brunei

Fung Retailing, Alibaba to collaborate bringing lifestyle brands into China

Toys R Us battle heads to court

Fung Retailing likely to sell Toys R Us stake

Toys R Us Asia assures it will not be affected by US’s liquidation

JD.com and Fung Retailing form Artificial Intelligence partnership

Toys R Us Asia businesses consolidated