CHILDREN'S leisure and gift chain Toys 'R' Us will remain open in Spain and Portugal now it has been bought out by the global firm Green Swan, according to the new company in a press release this week.
The toy giant announced it had gone bankrupt in June and its branches in the USA, where it originates from, and the UK were all closed down.
But thanks to Green Swan's having bought it as a going concern, the stores in Spain and Portugal will be able to continue open.
Green Swan owns 60% of Toys 'R' Us' shares, whilst the remainder is still in the hands of the original owners.
The firm will open a new branch in the Isla Azul shopping centre in Madrid next month, meaning Spain alone will have 52 stores.
None of the existing 1,600 employees in Spain will be affected.
