Toys"R"Us names leadership team for Asian businesses

Wayne, N.J. — Toys"R"Us has named the leadership team for its retail business operations in Southeast Asia and Greater China, following the recent announcement of its new joint venture agreement with Li & Fung Retailing. With this agreement, the existing Toys “R” Us business operations in the region, which had previously been licensed, are now majority owned and controlled by Toys “R” Us. Monika Merz, currently president and CEO, Toys"R"Us, Japan has been named president, Toy “R”Us, Asia. In addition to providing ongoing leadership for the Toys“R”Us businesses in Japan and Australia, Merz’s role has been expanded to include