Smyths Toys to buy Toys R Us in Germany, Austria and Switzerland By Mark Paul

Photo Credit: The Irish Times

Mayo family-owned retailing group will almost double in size, adding a further 90 stores to its network

Smyths Toys, the Mayo family-owned retailing group, will almost double in size after agreeing to a huge deal to buy rival, Toys R Us, in Germany, Austria and Switzerland. The deal will add a further 90 stores to the group’s network of 110 outlets which are located in Ireland and, mostly, the UK. Smyths, which already had group sales estimated at about €600 million, is now among the largest specialist toys retailers in Europe. Smyths is now targeting further European expansion. The Irish Times