Toys ‘R’ Us Anz Limited (AU:TOY) has released an update.
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Toys ‘R’ Us ANZ Limited has successfully completed a $1.5 million funding drawdown from Mercer Street Global Opportunity Fund II LP to boost inventory ahead of the crucial holiday season. This financial move aligns with shareholder approvals and demonstrates Mercer’s ongoing confidence in the company’s strategic direction and growth potential. The funds are anticipated to strengthen the company’s market position by ensuring sufficient stock to meet the seasonal surge in customer demand.
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