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Business 17 Mar 2005 | 12:00 AM

Toys R Us suitors narrow to two

The line-up of contenders for retailer Toys R Us Inc has narrowed to two suitors that offered to buy both the struggling toy store chain and the Babies R Us unit for more than US$5.7bil, sources familiar with the situation said.

Business 18 Mar 2005 | 12:00 AM

KKR group to buy Toys R Us for US$5.7bil

Kohlberg Kravis Roberts Co (KKR) and Bain Capital have teamed up with Vornado Realty Trust to buy struggling retailer Toys R Us Inc for about US$5.7bil, beating out a bid from rival private equity firm Cerberus Capital, the I>Wall Street Journal /I>reported.

Business 19 Mar 2005 | 12:00 AM

Toys R Us okays US$6.6bil buyout

Toys R Us Inc, the No. 2 US toy retailer whose fortunes have sagged on stiff competition from discounters like Wal-Mart Stores Inc, has agreed to be acquired by two private equity firms and a real estate group in a deal valued at US$6.6bil.

Business 24 May 2005 | 12:00 AM

Toys R Us sends shareholders ballots for buyout offer

Shareholders of Toys R Us Inc. were told Monday that if they do not approve the buyout of the company by a private consortium, the No. 2 U.S. toy seller must pay up to $30 million (euro23.9 million) to reimburse the group for expenses

Business 07 Jun 2005 | 12:00 AM

Nestle issues apology for excess iodine content in baby formula sold in China

Swiss food maker Nestle has issued an apology for violating government limits on iodine content in infant formula sold in China, although it denied posing a health risk.

Business 03 Mar 2006 | 12:00 AM

Property market upswing likely soon

Hunza Properties Bhd is optimistic about the long-term prospects of the property market and believes the market is on the verge of an upswing.

Business 28 Sep 2006 | 12:00 AM

Hytex China plant to start ops

Hytex Integrated Bhd expects its US$25mil manufacturing plant in China to produce half a million garments per month when it begins production in November.

Business 04 Dec 2006 | 12:00 AM

Heinz saucy plans

BACK in the 1980s, when Chinese parents thought congee was the only successor to breast milk for babies, Heinz entered China with the revolutionary concept that baby food should also have special nutrition.

Business 28 May 2007 | 12:00 AM

Parent-baby education centres on the rise

As the president of Red-Yellow-Blue Education Technology Development Co Ltd, Shi Yanlai and her colleagues have taken care of over one million children from newborn to six years old.

Business 18 Aug 2007 | 12:00 AM

Toys 'R' Us pulls vinyl bibs as precaution

Toys R'' Us Inc said it was removing all vinyl baby bibs from its Toys R'' Us and Babies R'' Us stores as a precaution after two bibs made in China for one supplier showed lead levels that exceeded Toys R'' Us noshade size=1 width=50%>