Dubai-owned retailer The Toy Store is reportedly looking to open six new stores across the UK despite closing its flagship shop in Oxford Street, London less than a year after opening.
The Toy Store, owned by Dubai-based RM Retail group, said it did not have a time frame for the new stores due to the “uncertainties in the UK market” in light of the Brexit vote.
According to the Retail Week, the toy retailer was “waiting for the right strategic locations to come available”.
The retailer’s former location on Oxford St will now be taken over by JD Sports later this year.
The company currently has standalone stores in the Gulf region of the Middle East – in the UAE, Oman, Qatar and Bahrain.
Last month, it was announced that YK Almoayyed & Sons had acquired the master franchise of global kids toy brand Imaginarium for Bahrain and the UAE.
The company said in a statement that it is planning three Imaginarium showrooms in Bahrain, with the first one expected to open in September at the El Mercado Mall in Janabiya.
In the UAE, the company said two showrooms for Imaginarium will be relaunched next month - one at the Box Park Mall in Jumeirah, Dubai and a second one in Arabian Centre in Mirdif - while a third at Mall of Emirates will be revamped in 2017.