April 11, 2018 / 5:31 PM / 8 months ago

Toys 'R' Us gets $1 bln bids for 85 pct of Asian business -lawyer

CHICAGO, April 11 (Reuters) - Retailer Toys 'R' Us has received multiple bids of more than $1 billion for an 85 percent stake in its Asian business, its lawyer Joshua Sussberg said at a U.S. bankruptcy court hearing on Wednesday.

Sussberg said the company, which is liquidating or selling its operations, is also in advanced discussions with a buyer for its Central European business.

Reporting by Tracy Rucinski Editing by Susan Thomas

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