Toys"R"Us ANZ Limited (ASX:TOY) agreed to acquire The key assets of Arts and Crafts Retail brand RIOT from Riot Art and Craft on March 20, 2024. The consideration consists of AUD 0.2 million in cash and AUD 0.3 million in common equity and maximum value of AUD 0.5 million per year for two years as an earnout. As part of the consideration, AUD 1 million was paid towards assets.

The deal is subject to relevant approvals, including shareholder approval.