Toys"R"Us ANZ raised $4 million to fuel its House of Brands growth strategy.

The funding includes a $2.5 million placement of 35.57 million shares at 7 cents per share, alongside up to $1.5 million from Mercer Street Global Opportunity Fund II LP through convertible securities.

Directors have committed an additional $50,000 pending shareholder approval. The capital aims to support strategic initiatives leading into Q2 FY25 peak sales.